I'm a software developer with a little bit of experience. I'm starting a project, and hope to bring it to market someday. There's a lot of work before getting to that point, and I'm not positive I'd finish.
I do need to spend money on dev (AWS bills, etc.) and can fund that for now. But I am not interested in hiring soon.
Should I create a formal entity to own the intellectual property and keep a record of expenses at this stage? I'm concerned about unknown risks of taking that big a step, but also concerned about legal issues if I don't have ownership and expenses officially tracked.