LLC & Domain Names?

[iBizStart]

I want to form an LLC
The problem is, usually they have to be for a specific business. I have a lot of websites and want the LLC to apply for all of them

Can I just form an LLC called "Byalik LLC" (my last name)
And on each website, put a statement on the bottom of the page
(ex. CopyCatShades.com is a Byalik LLC Company, etc....)?????//

 

[fmmp]

yes you should be able to.

 

[GiantDomains]

Yes. An LLC works better with a least 2 people though. An "S" corporation may suit you better. With an "S" corp, you can also claim losses the first year. LLC, you cannot. Also, don't fall for the trick of incorporating in a state other than your own to save on taxes, unless you have an office or presence there. When they find out you are operating in 2 states, you will be double taxed

 

[Jack Gordon]

I don't think you'll have any trouble. My company is an LLC (with only one officer), and to be honest I don't think they care what you do.

 

[iBizStart]

Any advice from lawyers?

 

[jberryhilljberryhill is verified member.]

"Any advice from lawyers?"

Yes. If this question matters to you, then you would do very well to hire one familiar with the laws of the state in which you want to form an LLC, and with tax laws.

 

[Jack Gordon]

Just to lower the fear factor a little bit, this is a very simple legal matter. I can only speak for Michigan, of course, but you should be able to get a lawyer's help with this for less than $100. It's really just about getting the right paperwork, filling it out properly and sending it in to be filed. Money well spent in my opinion.

 

[geoffrey]

LLC requires 2 "members". it's easier to keep it in your own state.
The LLC will avoid double taxation. The "S" will have two taxes 1) Corporate 2) Personal.

Yes, get a tax adviser.

 

[actnow]

With an "S" Corp, profit and loss is passed thru to your individual return.

 

[GiantDomains]

Originally posted by actnow
With an "S" Corp, profit and loss is passed thru to your individual return.

exactly