To Incorporate or Not (an Ad Based Website), and if so, Nevada?
by chrisnmandy2004, Window Shopper
- Created: November 10, 2012, 6:21 pm
- Updated: November 10, 2012, 6:23 pm
Hi Everyone, I'm starting a website which I hope to generate per-1000-views advertising revenue with. I have a couple questions, though. Do I need to, or maybe rather should I, incorporate or form an LLC? If so, can I do so in Nevada to avoid California's $800 Franchise Tax Board tax? I understand if I actually do make money I'll be paying myself in California and I will have worked in California, so therefore I'll have to pay California income and corporate taxes, but I want to avoid paying taxes if I'm not making any profit. As I understand it, profit or not, you're in at least $800 per year to the California Franchise Tax board for simply having incorporated or formed your LLC there (here). I'd appreciate any feedback. Thanks! Chris
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