FWIW I have been an independent consultant for 20 years now and have never had liability insurance or a lawyer. I have never been sued by anyone. In my experience it does not occur other than in cases of gross misconduct or fraud, and think I know you well enough to know those will not occur. Put the money into a dedicated account for your son's education instead.

>Thanks. I'm probably going to speak to an attorney in the next week or two. It just irks me to have to pay this money up front to form a business entity for a business that isn't a prime source of income and won't make a lot of money up-front. That's trending awfully close to my personal funds, and that's not a good thing. :-)
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>>I can't recommend that. I've heard too many horror stories about people that used an accountant to setup their business and the advice, while accurate, wasn't complete and it turned out badly.
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>>My advice..
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>>- talk to an attorney that specializes in small business
>>- then talk to a good accountant that also has the same specialty
>>- finally, find a good IP attorney to help draw up contract boiler plate. There are too many nuances of IP law that most attorneys won't know about.
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>>>That or a good tax guy - one way or another you want information specific to your state. That's what we did. It was very inexpensive to become incorporated.