Last month, I described the process of dissolving the Technically Media general partnership, so I wanted to close the loop by quickly sharing our process for incorporation.
Mostly, this was a lesson in paying for a lawyer — doing it (mostly) right is worth paying. But I also wanted to share a few lessons I learned and some resources I used.
Why we decided to incorporate: (a) I expressed concern that as a new homeowner, I wanted greater protection from liability for our work (like liable or breach of contract concerns), and, as an added benefit, (b) we wanted to be W2 employees of our company, for the credit value of guaranteed payments. Moving forward, we also recognized (c) the benefit for the possibility of hiring employees.
Find the steps and resources below.