Link: 20 startup tips

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2. thou Shalt Not Incorporate

Especially not in the state of Pennsylvania where I live and which boasts (for some reason) one of the highest corporate income taxes in the nation.

Dane says 75 percent of all businesses are sole proprietorships. And, of course, incorporating is just another cost when you're not even making money yet.

Here is another alternative.

3. Thou Shalt Not Get a Bank Account

And don't worry about getting set up with Visa and Master Card either, for crying out loud! On-line services like PayPal usually already have you covered for Internet transactions on all this stuff.

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