What Kind of Business Entity Do You Operate?
I read Sully’s Blog’s interview of Deborah Sweeney of MyCorporation Business Services, and it made me wonder what percentage of people in the domain industry have incorporated their domain business, be it LLC, S Corp, Inc…etc.
For tax and liability purposes, I operate two different LLCs for my businesses. Each business is its completely separate entity, and I don’t intermingle finances, expenses, or domain names. I maintain separate sets of books and bank accounts for each business. I also keep all personal expenses separate from my businesses for obvious reasons.
I am wondering whether domain investors who read my blog have taken steps to legally separate their personal and business accounts/finances. Please use the poll below to answer, and feel free to let others know what type of entity you operate.
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