- Impact
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Hey all,
I have tried getting this information from a number of sources but no one can give me a exact answer since they are not in my state and I know that each state has it owns laws, so if there is someone in Nevada (las vegas specifically) that can answer this it would be extremely appreciated.
I want to launch one or more websites. I know at first not to expect to make much money maybe a few dollars a month. But no matter if I am losing money, making little or making lots of money, do I need to set up a business to run this website?
If so, what type of business should I set up (LLC, Sole Proprietorship, C or S Corp)? Do I need to get a tax id or business license? Where do I go and how would I actually do all that? How do I report my earnings/expenses from this website?
Or can I just file the revenue and expenses as part of my personal tax filings? If I do it this way, can I deduct any business expenses that I may incur like hosting and such?
Thank you in advance for any help you may provide.
I have tried getting this information from a number of sources but no one can give me a exact answer since they are not in my state and I know that each state has it owns laws, so if there is someone in Nevada (las vegas specifically) that can answer this it would be extremely appreciated.
I want to launch one or more websites. I know at first not to expect to make much money maybe a few dollars a month. But no matter if I am losing money, making little or making lots of money, do I need to set up a business to run this website?
If so, what type of business should I set up (LLC, Sole Proprietorship, C or S Corp)? Do I need to get a tax id or business license? Where do I go and how would I actually do all that? How do I report my earnings/expenses from this website?
Or can I just file the revenue and expenses as part of my personal tax filings? If I do it this way, can I deduct any business expenses that I may incur like hosting and such?
Thank you in advance for any help you may provide.






