OCorporation. An individual incorporate? Probably not. There's very little benefit presently there is one big drawback: you do not get a tax refund in order to incorporate. A corporation is an independent entity. It can be not . It requires a huge professional to fill out even the simplest of taxes at year end. For the majority home based businesses, this is overkill. A person are are really afraid which might lose your house if you're sued, you really believe this will be the way to go, spend money ...