These formalities are ways to show your commitment to doing a startup. Granted, there are other ways to show commitment, but there's nothing like putting a little money down on it. For most of us, writing code is not a good way to show commitment because we do this all the time, and sometimes for little or no profit.
If you're considering whether or not to incorporate, you should definitely be asking yourself if the reason you don't want to do it is really because of fear of failure. When you fail and you haven't incorporated, it just means your side project failed. If you failed and you incorporated, it means your startup failed, and you failed. You can't run a startup with fear.
If you're considering whether or not to incorporate, you should definitely be asking yourself if the reason you don't want to do it is really because of fear of failure. When you fail and you haven't incorporated, it just means your side project failed. If you failed and you incorporated, it means your startup failed, and you failed. You can't run a startup with fear.