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.
I'm looking to form a LLC. What do I put for type of business?
Collapse
X
-
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".Originally posted by PhounThoUmmm, applications for what?Comment
-
-
-
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.Comment
-
Mine says Entertainment.SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60. Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.Comment


Comment