How do you run your domaining business?

**KevD** · 01-06-2012, 03:20 AM

Hi All

I've just started out and trying to get a feel on how fellow domainers run their operation. More centered towards UK domainers, but welcome comments from domainers world wide. My questions are:

a) How do you run your business?, through a registered company, sole trader (business without a company name) or personal (ie, tax liabilities are personal, like income tax etc).
b) Do you still have your day job also (I do, until I am comfortable enough to do it full time).

Obviously I am not asking for tax advice etc, just want to get a feel of what's out there.

Thanks in advance!

Cheers
KevD

**Jeroen** · 01-06-2012, 04:37 AM

Freelance job (non IT related) + domaining through a registered company.

It's great because it enables me to purchase domains and software excluding VAT and deduct costs.

Cheers

**Stian** · 01-06-2012, 04:54 AM

I'm domaining full time, a little stock trading (used to be a lot more active back in the days) and buying/selling a few cars (mostly imported) here and there.

**dcristo** · 01-06-2012, 05:06 AM

Originally Posted by Stian

I'm domaining full time, a little stock trading (used to be a lot more active back in the days) and buying/selling a few cars (mostly imported) here and there.

Nice what imported cars?

**katherine** · 01-06-2012, 05:52 AM

I am incorporated too, but I don't do domains only. I run an IT consultancy.
This is a business that can easily accommodate domaining.

But most domainers lose money so it is more a hobby than reportable income.

Incorporation is not really needed until you do sales on a regular basis

For example you can sell stuff from time to time on ebay in a personal capacity but if you're a PowerSeller you will probably have to incorporate and pay taxes.

**Stian** · 01-06-2012, 06:58 AM

Originally Posted by dcristo

Nice what imported cars?

Mostly newer (2010+) Mercedes Benz. I only buy one at a time. Right now I have a 2010 MB GLK220 CDI SUV that's for sale.

**south** · 01-06-2012, 07:17 AM

S Corp here. Networking, IT service. Been servicing small-medium businesses in the Miami area for about 15 years. Domains & affiliate marketing are a nice diversion for passive income.