Seriously consider forming an LLC before you...

With everything happening in the industry right now - studio closures, publisher disputes, contract nightmares - I can't stress this enough: set up proper legal protection before you release anything commercially. Form an LLC or limited liability company. This creates a legal separation between your game business and your personal assets. If something goes wrong - lawsuit over alleged IP infringement, dispute with a contractor, tax issues, whatever - your personal savings, house, car are protect