If I setup an online business, do I need to incorp or file for an LLC?

Credit and mortgage advice Forums Home Insurance If I setup an online business, do I need to incorp or file for an LLC?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 6 years, 6 months ago.



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    Anonymous

    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.



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