[header] How to start a peer to peer lending business [title] Decide whether to incorporate your business. [step] Incorporation will protect you and your initial startup team from personal liability. [substeps] Organizing your business either as a corporation or as an llc can shield your personal assets from creditors. 
Which entity you choose depends to a large extent on the size of your startup team and the level of formality you want. Corporations typically have significantly more formal requirements than llcs, including record keeping and reporting requirements.