• December 2019
    M T W T F S S
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Can you charge for an MVP/idea without an incorporated business?

In order to avoid any problems, you should really seek the advice of a lawyer. The answer to your question could turn on a number of factors not specified in your question or description, such as what the MVP is, where it would be sold, and what you mean by “low hanging fruits.” Obviously, you would ideally want to protect your MVP, even in its infancy, and that probably means securing any preliminary patents or other intellectual property rights before testing it or otherwise offering it for sale. There is also no harm in moving forward with creating a formal business, even if the product is not ready for the market. Indeed, having a formal corporation, such as a limited liability company (LLC), will protect your personal assets from any liability that may arise from your business venture if something goes wrong during the testing phase.

At LawTrades, our legal marketplace boasts attorneys who are well-versed in assisting entrepreneurs at all stages of their business. We offer free consults and no-obligation price quotes so you can make an informed decision. Good luck!