"Denny" wrote:
[ Usual horror story with usual plot holes elided for brevity. ]

I've incorporated a business in two different states, and while the
regulations and laws are moderately complex, even a neophyte like myself
has done it and lived. Shucks, I've even completed and filed all the
corporate tax forms, done payroll, and kept the books. And I still have
time to do software development. (The thing that really eats into my free
time is reading and posting to Usenet! ;-))

And even if there were no regulations, your airplane designer entrepreneur
seems to have no idea what a business plan is. While a business plan isn't
required, any entrepreneur who intends to succeed should have at least
pondered the answers to the questions a typical business plan addresses:
who you are marketing your plane to, the size of the market, projected
costs, projected revenues, etc. Even though many entrepreneurs are funded
by family and friends (few are bank funded and even fewer VC funded) they
will still want answered the same questions a bank or VC fund would want
answered.

A business plan is to starting a business what a flight plan and pre-flight
is to an airplane flight. (Okay, it's not a great analogy....)