by sharp21 » Sat Jan 05, 2008 8:27 pm
Not sure if this is the right forum, but here goes anyway!
Ive just about got my first affiliate site online & am already planning my next one.
Obviously they arent making any money (yet!) but before I put up the second one I thought I should start thinking about taxes & whatnot, just in case.
Should I start an LLC or something like that, like an umbrella company for all the sites? That way too I was thinking I could sign up for all my affiliate accounts using the umbrella company, so that all cheques coming in are made out to the same name, instead of for each individual website.
Also, when the tax man comes around I could have all the finances for all the sites come under the parent company.
Does this make sense? What are others doing for this situation? I want to plan ahead for future expansion now while im starting, instead of trying to cobble something together after ive got multiple websites online.
Thanks
S.