[dxoapv]

Sounds like a real mess. Is there a service that takes care of all these problems automagically? I feel I'm very inexperienced to be able to handle all the tax/expense pitfalls (I'm not familiar with the US tax system).

Or at least a resource that describes everything that is needed from start to finish? For example the book Venture Deals (by Brad Feld) describes the basics of venture funding, but is there any practical guide for incorporating?

I'm very reluctant to incorporate because I don't know if I will be able to handle all the bureaucratic mess and keep up with everything (time and cost wise).

Really liked the 'army of 1' phrase, I'm in the same situation.

[abfan1127]

I originally incorporated in 2006 for the only reason of Limited Liability. There are mild benefits (shareholder distributions are taxed as longer term capital gains rather than income), but the extra hassle wasn't worth it for me until I found Zenpayroll (this year!).

That being said, I would probably follow Dave Ramsey's guidance that early on, I would just open an account, deposit checks there, pay business stuff from there, and use Zen to pay myself. Keep it simple. Quickbooks is nice to track that and generate invoices. Its also way over kill.