July 22nd, 2005, 01:21 PM
|
|
Newbie
|
|
Join Date: July 22nd, 2005
Posts: 12
|
|
Best Business Structure for Noobs?
Hello All!
I am just starting out and I'm wodering what type of business structure to go with. What is everyone using? Any suggestions for newbies?
Thanks!
|
July 22nd, 2005, 01:39 PM
|
 |
|
|
Join Date: January 18th, 2005
Location: Mansfield, TX
Posts: 10,967
|
|
For a beginner, a sole proprietorship is definitely the simplest.
Check with a local business tax accountant, though. What works best depends on your own situation, your area, etc.
|
July 24th, 2005, 07:11 PM
|
|
Newbie
|
|
Join Date: July 22nd, 2005
Posts: 12
|
|
Thanks Michael,
Anyone out there want to mention what structure they use and why?
Thanks alot!
|
July 25th, 2005, 09:26 AM
|
 |
AM Navigator
|
|
Join Date: May 10th, 2005
Location: NoVA
Posts: 12,282
|
|
What are you starting as, HotDog? As an affiliate?
Geno
|
July 25th, 2005, 11:29 AM
|
|
Newbie
|
|
Join Date: July 22nd, 2005
Posts: 12
|
|
Yeah, I'm developing a small affiliate site to begin with... to learn the process better. Then I'd like to develop more sites, but I want make sure I'm starting off the right way.
When you have more than one affiliate site... is it better to start an 'umbrella' company where all the sites are listed below it are ''doing business as"....
Or if your a sole proprietor can you list different sites as dba's?
I gotta break out the business books!
|
August 3rd, 2005, 11:08 PM
|
 |
Analytics Dude
|
|
Join Date: January 18th, 2005
Location: Rochester, NY
Posts: 4,869
|
|
Lots of options, but I'd say sole proprietor is a good way to start. If you start making a LOT of money, you can look elsewhere, but don't let ANYONE talk you into incorporating without looking VERY closely into it.
|
August 4th, 2005, 10:06 AM
|
|
|
|
Join Date: January 18th, 2005
Location: Mansfield, TX
Posts: 10,967
|
|
And when/if you incorporate, make sure you understand the difference between a C and S Corp. A "C Corp" (the normal, default one!) is seldom best.
|
August 4th, 2005, 12:16 PM
|
|
Newbie
|
|
Join Date: July 22nd, 2005
Posts: 12
|
|
Thanks alot!
|
August 4th, 2005, 12:42 PM
|
 |
ABW Ambassador
|
|
Join Date: January 18th, 2005
Posts: 1,358
|
|
I have one DBA and many different sites. Don't want to run and get a dba everytime I buy a domain name, nor do I want multiple bank accounts.
|
|
Discussions: 116,431 
Messages: 951,553 
Members: 61,041 
Newest: ekoppelman 
Online: 1111
Linear Mode
