poll Domain Selling Company LLC vs S-Corp

[VIPDomains]

What type of company offers the best liability protection and tax benefits for a single member U.S based domain investment company with a portfolio of 1000+ domains?

1. SMLLC (Single member LLC) Disregarded
2. SMLLC taxed as S-Corp
3. S-Corp
4. Something Else (elaborate)

 

[VIPDomains]

Up

 

[VIPDomains]

Up

 

[VadimK]

You need to talk to the accountant in your country, here no one will be able to answer your question.

 

[VIPDomains]

You need to talk to the accountant in your country, here no one will be able to answer your question.

Why wouldn't anybody be able to answer me I assumed quite a few people here are from the United States

 

[VadimK]

Why wouldn't anybody be able to answer me I assumed quite a few people here are from the United States

Because again, this is a question for tax consultants, not domainers.

 

[iTesla]

Maybe ask ChatGPT.

 

[VIPDomains]

Because again, this is a question for tax consultants, not domainers.

No doubt, I can ask a tax advisor but not any of them know the answer relevant to the domain investment business.

I was hoping to hear what other domains learned from their tax consultants, perhaps those who actually know what a domain name is, what they eventually went with and found to be best or learned it's no bueno.

To learn from experienced U.S based domainers... I think it's a very valid question, isn't this forum for that.

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[VIPDomains]

Maybe ask ChatGPT.

I did but it has its limits.. it gives variable answers.

 

[iTesla]

I also asked AI some important matters, he always told it's better to contact an lawyer who knows very good his field of work.

 

[Me83]

Delaware llc - one of the best.
You mean Domain Trading Company.

 

[VIPDomains]

Yes, you are correct