melsachs
(16) Daewoo

Internet businesses corporation best type to start with without knowing profits? I have read about the various types of corporations, but am stalled. Not sure the best type of corporation to start, because I don't want to be stuck paying taxes/fees if I don't turn a profit.

1. When does an internet business have to incorporate? At what point in the process...best to incorporate before starting? What did MJ do?

2. I read that CA c and s corporations are eligible for a waiver of this $800 tax in its first year if it hasn?t reached a minimum income level, whereas LLCs are not. Better to go this route?

Thank you!!

Internet businesses corporation best type to start with without knowing profits? I have read about the various types of corporations, but am stalled. Not sure the best type of corporation to start, because I don't want to be stuck paying taxes/fees if I don't turn a profit.

1. When does an internet business have to incorporate? At what point in the process...best to incorporate before starting? What did MJ do?

2. I read that CA c and s corporations are eligible for a waiver of this $800 tax in its first year if it hasn?t reached a minimum income level, whereas LLCs are not. Better to go this route?

Thank you!!