So, a couple questions for you folks making a significant amount of income from blogging that you treat it like a business.
Do you have seperate LLCs for each individual website, or one LLC for all of them?
Also, At what point did you consider opening an LLC for your websites?
I'm trying to plan for the future as from my success so far this year, I plan to do this for the rest of my life. Right now as a side gig but who knows where it'll go (I'm only 23 plenty of time)
Anyway, I kinda feel like it'd be best to have seperate LLCs as if they were all on one then if website A gets sued then you could have to pay up with income from Website B. However, if they were seperate LLCs and Website A gets sued, then worste case scenario that bussiness just goes "bankrupt" which means one less site for you.
Not sure the financial costs, or legal stuff that goes with making an LLC and if having multiple is not possible or not worth it in a financial sense. Or if taxes would be stupid if you had 10+ bussinessess to do them for. I don't really know.
Anyway, any knowledge or personal experiences you can share on this subject would be great. Thanks!
Submitted June 23, 2020 at 02:49PM by Super_Evil_Ostrich https://www.reddit.com/r/Blogging/comments/heqysj/business_side_of_blogging/?utm_source=ifttt
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