I'm looking to form a LLC. What do I put for type of business?

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  • Mingo
    Registered User
    • Mar 2005
    • 16

    #1

    I'm looking to form a LLC. What do I put for type of business?

    I'm going to start a few websites and have decided to incorporate. My question is to you guys is what did you use as type of business on your applications? I'm going to be selling memberships and videos on my sites, as well as promoting other sites.
  • PhounTho
    Confirmed User
    • Jul 2004
    • 157

    #2
    Ummm, applications for what?

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    • Alex Xe

      #3
      LLC work fine for me, already more 5 years.

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      • Mingo
        Registered User
        • Mar 2005
        • 16

        #4
        Originally posted by PhounTho
        Ummm, applications for what?
        Sorry. On the application for the Employer Identification Number for the IRS. I'm not sure what to put as type of business. Would "Web Developer" be ok? I dont want to put "Adult company".

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        • Project-Shadow
          Confirmed User
          • Feb 2003
          • 7340

          #5
          You could put online membership retailer ^_^'

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          • TehKinkyHotness
            Confirmed User
            • Feb 2005
            • 533

            #6
            you could say internet advertising, or entertainment....

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            • PhounTho
              Confirmed User
              • Jul 2004
              • 157

              #7
              I agree with all of the above answers. As long as it's close you'll be fine. Hell, as far as the IRS is concerned as long as you pay them you're fine. However, the corporate paperwork SHOULD be more explicit as to the nature of your business. A quick rule of thumb is that the more you stray from disclosure as to the nature of your business the more easy it is to "pierce the corporate veil" of liabilty protection that incorporating provides. This means, you should select real board members that have real meetings (can be phone conferences, just be sure to document). I mean, just think about it with common sense, one of the reasons for limited liability is that committees in theory make more sound decisions. If you through corporate formalities in the trash, then you open the doors for prosecutors to come after personal assets. Another reason for limited liability is to be able to raise capital from shareholders who don't need the risk, but that's a whole other topic.

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              • smashface
                Confirmed User
                • Sep 2002
                • 991

                #8
                Alternative entertainment would work

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                • Barefootsies
                  Choice is an Illusion
                  • Feb 2005
                  • 42635

                  #9
                  Some derivitave of 'internet (whatever)', or entertainment.

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                  Link1 | Link2 | Link3

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                  • Mingo
                    Registered User
                    • Mar 2005
                    • 16

                    #10
                    Thanks for taking the time to answer my question. You guys are great.

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                    • bdld
                      $100,000
                      • Dec 2001
                      • 11452

                      #11
                      internet marketing, simple as that.

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                      • James White
                        Confirmed User
                        • Apr 2004
                        • 1405

                        #12
                        Mine says Entertainment.
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