Protect your assets!

Shareholders are not personally liable to pay the debts of corporations. If you incorporate, your personal assets are safe from business risks with few exceptions. 

If your business activity carries even a minor risk of causing a catastrophic loss, such as business using dangerous machinery or chemicals, you should incorporate. It is unwise to rely on insurance to protect you from business risks because insurance policies provide limited coverage. Typically, your personal liability for business risks is limited to the personal guarantees you give to others in the course of your business dealings.