I’m actively working on an MVP and realistically expecting to launch and begin servicing first customers in the beginning of the next year.
This begs the question – when should I incorporate? Is there a benefit to incorporating in 2020, filing taxes and other financials for 2020 with 0 income and few expenses?
I’m curious on whether it matters to banks and other institutions to have a “previous years tax return” next year, for example, even though there will be little to look at on that return… This is in case I do decide to try to get a loan or qualify for some benefit – again, not even sure if this matters.
I don’t plan to raise capital at the beginning at least. I plan to support the launch and initial operations with my own funds.