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by wdrw 3079 days ago
In my jurisdiction the actual incorporation is actually quite cheap (don't remember exact numbers unfortunately, but cost wasn't an issue at all). What's expensive is the services of a lawyer, but you really don't need it for a basic incorporation, the process is pretty self-explanatory. (Of course, if it's a startup with multiple co-founders, outside investment, etc, then a lawyer is definitely a must-have). The major cost, for me, is all of the ongoing tax accounting - you either need to pay for expensive bookkeping+accounting, or spend a lot of your time learning to do it yourself.