Domaining as a business entity.

[SobeDragon]

Hello,

To make a long introduction short, I want to get into domaining and I'm still confused as to how I should setup the business. Sole proprietorship? Corporation? LLC? I'm lost in the sea of business terminology.

Thank you in advance.

 

[johname]

Are you making big profits right now in domaining, if not worry about what type of corporation it will be later

 

[peaches017]

I didn't begin to operate as an LLC for about two years. You should be fine if you are just starting out.

 

[domainer50]

I wouldnt worry about that this early in the game. Once you have a defined web presence with enough domains to brag about I wouldnt worry about it.

 

[shockie]

just remember to stay out of legal troubles like trademarks and such.

 

[mwzd]

LLC when your turnover is decent.

Don't think you have to bother straight away

Unless you're already in the top tax bracket - then speak to your accountant.

 

[SobeDragon]

Thanks again for the help.

I'm basically getting my foot in the door right now.

 

[domainer50]

Thanks again for the help.

I'm basically getting my foot in the door right now.

As assumed. I wouldnt worry about it for now, and just worry about buying your first set of names.