I have a startup. Should I incorporate and become a ‘proper’ company before developing/testing a working p… by @R44D
Answer by Raad Ahmed:
I would agree that if you need investors to help fund the cost of testing and developing, then you’ll likely want to incorporate. The reasoning there is that investors generally find an incorporated business to be more “solidified” than those that are not.
Other advantages of incorporating:
- Personal asset protection
- Continual existence even if ownership changes
- Tax deductions
The next order of business would be to identify which entity works best for your business. For that, it would be a great idea to consult a business attorney.
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