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A comment on Ask HN: Should I incorporate a company for software side projects?. Parent comment

Re:Ask HN: Should I incorporate a company for software side ... by tyingq on Saturday October 06, 2018 @11:19AM (#18155554)
"only if your idea is already profitable beyond ramen profitability"

I don't know if this applies in EU, but in the US, incorporating would give the separate benefit of protecting your personal assets in the case your company was sued. So, it might be worthwhile even if you aren't profitable.

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Re:Ask HN: Should I incorporate a company for software side ... by zackbrown on Saturday October 06, 2018 @11:57AM (#18155749)
> in the US, incorporating would give the separate benefit of protecting your personal assets in the case your company was sued

Be careful with this advice and consult a lawyer. Incorporating alone does NOT guarantee protection of your personal assets.

In my non-lawyerly understanding, single-member LLCs offer particularly fragile protection.

See "piercing the corporate veil" [1]

[1] https://www.nolo.com/legal-encyclopedia/personal-liability-p...

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Re:Ask HN: Should I incorporate a company for software side ... by ___cs____ on Saturday October 06, 2018 @11:24AM (#18155580)
I was given the same advise. Specially if your business is using a unique skill to solve the problem (e.g: ML, .. etc)
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