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01-26-2016, 02:27 PM
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#1 |
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Confirmed User
Industry Role:
Join Date: Jan 2015
Location: usa
Posts: 468
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Do you have an LLC or corp for your business? Should I get one?
Has anyone ever been sued by a customer?
I dont do affiliates or anything, just offer memberships to customers and get paid by processor. Should I get an LLC?  |
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01-26-2016, 02:33 PM
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#2 |
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Too lazy to set a custom title
Industry Role:
Join Date: Nov 2005
Location: Marina Del Rey
Posts: 10,845
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Talk to your lawyer or accountant.
LLC or corp has many benefits, including tax .... Every situation is different.
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C H R I S Retired Porn Veteran  BH4L |
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01-26-2016, 02:43 PM
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#3 |
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Confirmed User
Industry Role:
Join Date: Jun 2001
Location: Skype: ravo.fpctraffic
Posts: 5,434
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If you are setting up a corp to simply try to shield yourself from lawsuits, it won't work. All suits will name you personally too. ("piercing the corporate veil")
__________________
AdultAdBroker - Buy and Sell Your Flat Rate Banners, Links, Tabs, Pops, Email Clicks and Members' Area Traffic - updated April 2025 |
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01-26-2016, 03:15 PM
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#4 | |
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working on my tan
Industry Role:
Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,152
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Quote:
Good point, Piercing is real common in closely held organizations that don't strictly follow corporate corporation guidelines.  |
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01-26-2016, 04:41 PM
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#5 |
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Confirmed User
Join Date: Feb 2007
Location: Los Angeles, CA
Posts: 1,850
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Do an Inc and do it right. And then get insurance. Insurance is what protects your assets not just the Inc.
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01-26-2016, 05:50 PM
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#6 | |
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:glugglug
Join Date: Mar 2003
Location: Where the Wild Things Are
Posts: 26,118
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Quote:
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01-26-2016, 06:14 PM
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#7 |
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Confirmed User
Industry Role:
Join Date: Oct 2003
Location: L.A.
Posts: 5,740
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If you are making over $8K per month having a corporation can be beneficial tax wise.
__________________
 Blog Posts - Contextual Links - Hardlinks on 600+ Blog Network * Handwritten * 180 C Class IPs * Permanent! * Many Niches! * Bulk Discounts! GFYPosts /at/ J2Media.net |
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01-26-2016, 06:21 PM
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#8 |
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Grrrrrrrrr
Industry Role:
Join Date: Oct 2002
Location: Dreamland
Posts: 4,974
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My company is LLC and S Corp. I am an employee of my company.
My CPA had an attorney set it up this way. |
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