Make an LLC or Not?
I have stayed away from asking this question long enough... Should I make an LLC - Limited Liability Company or Not? Myself being new to the business and not successful yet. Some friends that I have asked this question to...basically said...are you making money...No...then wait until you start making money to start an LLC. Can't take something from nothing.
When I went to Exxxotica Expo this year in New Jersey, I heard a seminair that some lawyer gave...who does have some adult biz clients, he was saying that if your just posting links/text only you should be okay...but it is best just to be safe and have everything adult related go through an LLC. He also said that xxx photos can get you in trouble, and had mentioned it is best to add some non xxx stuff...since the person decided if your website is obscene or not will be looking at the sight as a whole.
I know this thread will explode...but I need the reality check from you guys who are dealing with this everyday in the adult business. I was ready to do the paperwork a couple of weeks ago with New York State...but realized I am not even sure how the taxation process goes with an LLC. So as usual more research...
|