Consulting an attorney is really a smart move here. There can be many benefits to forming a single-member LLC, including protecting your personal assets from your business assets and being able to take advantage of certain tax incentives. (More of my thoughts on single-member LLCs.) A legal professional will be able to give you the pros and cons about forming an LLC or other corporate entity, tailoring their advice to your specific business model and the goals you have for your business. The costs of incorporating and maintaining your corporation will depend on what state you choose to incorporate, but, generally speaking, forming an LLC is relatively cheap (more on that ). Again, an attorney would be able to help you determine the best state to incorporate your business.
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