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by rush-tea
4758 days ago
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NOTE: I am not a lawyer. This is not a legal advise. I am also in the same situation as yours as I am working on a peer to peer marketplace. I am afraid of the lawsuit and liability. I think for starter, you can do DBA first, then if your business makes money (meaning it gets traction) and as soon as you get $800 revenue to pay tax, then you can go LLC to protect yourself. Why spend $800 on overhead (tax) if you don't know if your apps are going to make you money? I think this is what I am going to do (unless there is a big liability on DBA) Can anyone recommend good insurance for business that I can start looking at? Thanks. |
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