MVP is a product development methodology - fail fast, fail forward and be agile to customer changes. It is not be confused with a legal entity formation.

If it is a market place, the MVP would still be able to do a transaction. Do you want to tie any liability issues coming from the transaction, or the parties involved to you ?

Company formation is so damn cheap now that you should not be even thinking twice. I would say register it.

MVP is for the product , not for business. If you want to translate the lean approach to business, it would be a lean business. Don't have a company accountant, loyar, hr person etc .. you can use on-demand services.

But you still need to have the corporate functions in a lean way. Say you get $500 in sales. It is still taxable and needs to part of someones book.

You don't have to register a company
- If there is no $ or liability involved
- If you are not raising money now
- If it is just a Proof of concept

If you are launching (even it is MVP), it is better to launch with a trim version of a company (LLC atleast). If it is a B2B market place then the parties / vendors will not work with an individual, you need a company then..

I have had situation in the past, where the company field was mandatory and I had to fake it many many times...

Hey, if you need any kind of help related to technology, feel free to chat. - My expertise are in Solution Delivery, Project management, Technology management, Product architecture, Technology advisory.

Nefin