|
Sponsors of course will pay to a proper company that has an EIN number (Employer Identification Number).
HOWEVER, you can't walk into any bank and cash a check made out to a company name. The only way you can do this is by properly depositing this check that's made out to your company into a bank account that is setup for your company. In other words, John Smith can't deposit a check to his 'ABC Company' in his personal checking account... or cash it at ANY bank. All John Smith can do is deposit that check into his proper business checking account.
And, without even knowing your long story, at the end of the day you're paying taxes regardless of what you do. The simplistic advantage to running the money through your company is that it's not all taxable, you get deductions for all of your expenses (like content, hosting, etc).
Cheers!
Brad
SinEmpire
|