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by andrewljohnson
5785 days ago
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You just have to pay your taxes, and you are all good. You can set up an LLC to funnel all your payments through, but you can also just pump them into your checking account and give Uncle Sam his due. Make sure you write off any business expenses - whatever space you use to work, hosting bills, etc. TurboTax will help you make all the right deductions no problem. If you don't live in the US, I don't know :) |
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Also make sure that you register a DBA for you website name, as you can get in trouble for doing business in any other name that your name if you don't have a DBA.
For example if you have XYZ.com and you saying on your web site "we at XYZ pride ourselves on customer service" There is no XYZ entity and it is considered deceptive to operate as XYZ when legally it does not exist. Fraud happens this way, so a DBA tells the gov that, hey it's legit, I john doe am XYZ. Now when you register a corp then that becomes the legal XYZ entity.