I think it depends on the nature of your business. If you're licensing something, or another type of venture that requires contracts, you'll need to be incorporated and have a lawyer look over your contracts early on. If you're just providing a consulting service, it probably isn't as necessary.
A generic business tip that I think is worth knowing and very tough for newbies to accept: be wary of any deal that isn't cash based. If someone wants you to do them a favor and they do one in return, watch your back. If it's truly a valuable arrangement, cash should underlay the terms.
A generic business tip that I think is worth knowing and very tough for newbies to accept: be wary of any deal that isn't cash based. If someone wants you to do them a favor and they do one in return, watch your back. If it's truly a valuable arrangement, cash should underlay the terms.