Question by 452: If I setup an online business, do I need to incorp or file for an LLC?
Can I just do business online w/o the hassel of setting up a corporate type entity? I plan to sell subcriptions to my content site.
Also, if I do have to setup a corp type entity, would it be worth the hassel if the amount I plan to earn is so meger (less than 5k)? Are all of the eBay sellers setup as businesses? What is the rule regarding online businesses, earned income from it, and taxes? Or is there even a rule at all?
In addition, I wouldn’t be looking to setup a sole proprietorship if I did have to go thru the hassle of setting up a business, reason being is that I would look to create a business that had some protection against liability.
Best answer:
Answer by rlauxter
no idea but ebay rules and congratulations 🙂 lol
What do you think? Answer below!