After I spoke with the lawyer and the accountant, and after doing a lot of research, I finally decided to setup my business as a sole proprietorship. Since I have a name already, I went ahead to register it.
Disclaimer: I am not a lawyer or an accountant. Please do your own research and find a good lawyer and accountant to discuss what is best for your situation.
Registration of Sole Proprietorship
I did a lot of research in order to make this decision. Basically, the sole proprietorship business costs $60 to register for the name, and it is valid for 5 years. Here are two of the many links I checked out to get all the information.
And there are many many other sites. Search for your own location to get more information!
I confess that reading through these articles make my head hurt, and I am super scared! Everything seems so involved! My decision for going for the sole proprietorship structure is because I don’t think I will make that much money to begin with. So I will get this started first, and once it starts to grow, I will incorporate later?
Anyway, I registered the name today! And I have set up an appointment to open my bank account soon! I am super excited!