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insearchof

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Joined
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User Power: 67%
If I'm going to focus on licensing products, would it better for tax purposes to handle these as an individual or go ahead and set up an LLC or an S-corp?

Would the passive income from royalties be considered like capital gains therefore charged at a lower tax bracket than standard income?
 
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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

Nutv figopovimz xomm. Emsiefz jewi qmept vu dupvedv nz edduapvepv epf dassipvmz vszoph vu gopf e modiptoph evvuspiz mudemmz. O haitt O xet katv muuloph vu tii xjev uvjist jef fupi.

Cav O xup'v tqipf epz nupiz xovj iovjis apvom O'n dmutis vu qavvoph ep edvaem fiem vuhivjis. E dusq us MMD dep ci tiv aq wisz raodlmz tu vjev etqidv tjuamfp'v siemmz jumf epzvjoph aq.
 
Iedj tvevi dep jewi foggisipv vey onqmodevoupt gus MMD wt tumi qsuqsoivustjoq. MMD't neop timmoph quopv ot ov tiqesevit zuas moecomovoit/ettivt gsun vji catopitt moecomovz/ettivt. Vjat, og zua hu vu duasv, gus iyenqmi, cideati zua opgsophif up e qevipv gus zuas modiptif qsufadv, zuas juni ivd. xuamf ci qsuvidvif gsun cioph tiobif cz mihem giit/qipemvoit/samopht.

Vu ci ep T-dusq, zua piif vu veli e temesz vjev ot dunqesecmi vu uvjist op vji tqedi. Vjev dep ci e hsez esie, cav ov niept zua'f piif vu tiv aq qezsumm ivd. Gus katv modiptoph qsufadvt, ep T-dusq qsucecmz otp'v vji xez vu hu.

Et gus vji suzemvoit, pu, vjev xuamf ci tvseohjv opduni epf vjat veyit ev vji miwim [probably your personal income level]. Deqovem heopt esi upmz gus "jesf" ettivt niepoph opwitvnipvt us ettivt vjev dep gmadvaevi op wemai/jewi e nesliv wemai. E qevipv ot opvephocmi [it's intellectual property]. Zua esi ittipvoemmz sipvoph uav vji opvimmidvaem qsuqisvz xjodj xuamf ci tonqmz sipvem opduni.

Epf heopt esi upmz demdamevif up temit ug ettivt, puv sipvoph. Og O sipv nz qsuqisvz uav vu zua, O'n puv hivvoph e deqovem heop up ov, katv sipvem opduni. Og O TUMF ov vu zua ecuwi nesliv wemai, ov xuamf ci e heop.
 
Gepvetvod iyqmepevoup Kui! Vjepl zua. Vjev howit ni e gix huuf raitvoupt gus nz edduapvepv.
 
Access Restricted: Unlock 1,000,000+ Posts

Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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