Should I incoporate?

[Ordo]

I am trying to figure out if I would be better off incorporating my new site compay or simply using my SS for payouts/taxes.

Any tips?

[two-timer]

I recommend a Limited Liability Company (LLC). You don't get double-taxed like a corporation, but you get the protection. If the LLC were to get sued, your personal assets are separate and protected (IN GENERAL).

If you're going to take on this business as a sole proprietor (or any entity, really), I would be very careful in not busting any copyright laws. My partner and I will delay becoming an LLC.

Here's one place where you could do some reading:
http://www.bizfilings.com/

[Ordo]

Yeh, I have one LLC already in another field.

My goal is to keep the site as legit/legal as possible while not bringing about any "unwanted" attention. I am afraid that by incorporating, my real identity will be tagged all over with this site, which I dont want.

Is it not just as easy to incoporate under a totally different name such as Carboard Boxes Inc. while still remaining protected drawing revenue from a site under a different name?

[brickbat]

Originally posted by Ordo
Yeh, I have one LLC already in another field.

My goal is to keep the site as legit/legal as possible while not bringing about any "unwanted" attention. I am afraid that by incorporating, my real identity will be tagged all over with this site, which I dont want.

Is it not just as easy to incoporate under a totally different name such as Carboard Boxes Inc. while still remaining protected drawing revenue from a site under a different name?

Yeah it is just as easy if the number of checks I get from innocuously-named pr0n companies is any indication I'm incorporated and my company name bears no relation to what I'm actually doing for money... <br><br>

[erehwon]

Originally posted by Ordo
Yeh, I have one LLC already in another field.

My goal is to keep the site as legit/legal as possible while not bringing about any "unwanted" attention. I am afraid that by incorporating, my real identity will be tagged all over with this site, which I dont want.

Is it not just as easy to incoporate under a totally different name such as Carboard Boxes Inc. while still remaining protected drawing revenue from a site under a different name?

I'm not a lawyer, (but I hang out with enough of them) but I would look into the S corporation, it combines the tax advantages of a sole proprietorship or partnership with the limited liability and enduring life of a corporate structure.

Ponder either a Delaware or Nevada corporation, both have very tight (and well proven) privacy laws, also if you notice the checks coming in from sponsors they have very bland names, if you didn't know any better, you'd swear they were with the local Kiwanis. For instance, other bland company names... General Atomics is the company building Predator drones hunting Al Qaeda as we speak.

[AaronM]

Originally posted by Ordo
I am trying to figure out if I would be better off incorporating my new site compay or simply using my SS for payouts/taxes.

Any tips?

Why would you ask for this kind of advice here? Talk to a local attorney and an accountant.

[FerraraPhotography]

Do an LLC