Hi again everyone. I haven`t posted anything for a while, but I came across an article recently and after reading it, I just had to post this question.
The article was in Business 2.0 and focused on " Blogging " and specifically on people who started blogging as a hobby and have somehow turned this into a full time profession and making money by selling advertising on their blog sites. While the article talked about how these people were making money on their sites from advertising, I wonder about the longevity of this type of biz model ( if it really is one ) and if it does qualify as a business, how do you go about setting this up as a business entity? I am already writing about things I know alot about, like being an unhappy blucollar worker, and also talking about all things gaming, ie; video games, collectible card games and gaming miniatures, and anime. Things that I am familiar with intimatley, so is this really a business and if so how would you structure it to be considered legitimate at tax time and lets say setting up for protecting your personal assets, in other words would you set up a small llc or a corporation, or is this a ridiculous notion? Just wondering.