Newbie Question.....

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  • tapout3
    Registered User
    • Oct 2010
    • 10

    #1

    Newbie Question.....

    My wife and I are seriouly looking into doing a website. Our question is about incorporating our website or not...is this common to do or is it not? Any feedback would be wonderful.
  • Markul
    Likes Pie
    • Dec 2007
    • 12403

    #2
    I'm not sure what you mean by that question... ?
    But.... I pulled out...

    Comment

    • tapout3
      Registered User
      • Oct 2010
      • 10

      #3
      I mean is it better to make our business a LLC?

      Comment

      • stach14
        M3Server.com
        • May 2011
        • 667

        #4
        What are you looking to gain by doing this?
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        • GARY LEE
          Confirmed User
          • Aug 2007
          • 600

          #5
          This is really an attorney question and even depends on your state so an attorney from my state of California might not give you the best advice.
          Getting down to basics it is better to incorporate for tax purposes if the income from your site will be substantial. Usually a new site won't be that lucrative, not trying to sound pessimistice just being real. A corporation will pay $800 even if it operates making no income. My first year in business I was lucky to break even. Server fees, equipment costs, commercial office rental, and the list goes on and on. By operating with a privately held DBA you don't pay that $800 every year.
          If your assets are very substantial and you think you might be sued then you might think about a corp. If Manwin wants to sue you for stealing their content (LOL) then all they can get is your company, they can't come after your house, car, and first born.
          After you decide to incorporate then you have to decide about c-corp, s-corp, or LLC. Are you getting it now? Talk to a lawyer in your area.
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          • relyx
            Registered User
            • Feb 2011
            • 55

            #6
            I think 99.99% of the people on here are just operating as sole proprietorships, I think it is very relevant to know what kind of sites you will be doing. are you making a paysite or a blog to promote affiliate content or a TGP or a cam site or....?
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