Best choice for business start-up

All businesses begin as a sole proprietorship for one person, or a partnership between two or more people. The rule of thumb for forming a corporation or a limited liability company (LLC) is when you are doing business on a level where your personal estate could be in jeapardy from a lawsuit resulting from the business activity.

Two classic incorporating triggers are hiring employees and entering into contracts, including leases. But of course, it's difficult to think of a reason not to incorporate.