Yes! Set up your business entity and start building it as soon as possible. You wont have to pay too much in fees or taxes if you know you're not making too much money, but you do have do it right as some states have different rules on companies that aren't making money. Fortunately, it isnt really that hard to make money on any business entity, you just have to be able to post maybe $1k in revenue and you can keep it afloat, but I doubt that you'd only make that little on first year if you really tried. Since you have a headstart, build your personal and business. Unless your business requires tons of certifications and licenses and other requirements that initially needs a hefty amount of money, you should be able to slowly build it from zero. Good Luck!
