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Im speaking as someone who owns allot of domains and affiliate earning sites. in other words here is how some of my most profitable sites are structures.
I set them up as Nevada LLCs (no state tax, no brainer) I dont have an office nor do I have employeess in CA (where I live)
Online businesses are different from traditional businesses in many ways that make them especially good candidates for operating out of a formal business entity.
One of the great benefits of incorporating is that you create legal separation between you and your business. In other words, your business is its own legal entity. It has its own bank account, pays its own taxes and, most importantly, has the option of “living” in whichever state (or country) you decide.
One of the great benefits of incorporating is that you create legal separation between you and your business. In other words, your business is its own legal entity. It has its own bank account, pays its own taxes and, most importantly, has the option of “living” in whichever state (or country) you decide.
Keep in mind that as soon as you issue yourself payroll, your corporation or LLC will need to register to transact business in your state — which means it will have to pay taxes from all income derived in that state. Therefore, you should try to take money out of your company in the form of loans and dividends.
best of luck!