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business structure help. Sale of digital goods. ie: ebooks

Discussion in 'Business & Tax Advice' started by ffp500, Mar 28, 2014.

  1. ffp500

    ffp500 Newbie

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    I am currently writing a ebook.
    After the book is completed i will set up a sales page. If i have success, i plan to move on to another project and repeat. Maybe sell the sales website site on Flippa or another market place.


    I was wondering what is the best business structure for such a venture?


    What other legal issues will i need to address in the sale of ebooks?


    I am located in the US, Texas to be exact. I understand State laws differ for federal, so general answers are ok.


    Thanks in advance for everyones feedback,
     
  2. innosoft

    innosoft Jr. VIP Jr. VIP Premium Member

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    ru asking about taxes or help in setting up funnel?
     
  3. benarata

    benarata Junior Member

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    The Texas llc is good and for holding intelec rights, for tax use a subchapter s. If you are not going to hold the ownership of the copyrights etc. offshore in a Irish corp.
     
  4. ffp500

    ffp500 Newbie

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    What is the tax benefit of using a subchapter s? I want to keep ownership.
     
  5. benarata

    benarata Junior Member

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    Subchapter s is taxed at an individuals income taxrate so your not taxed at a coprate rate and then taxed again on dividens paid out to you. There are a lot of benifits with a sub s with passive income(think book royalties) to shelter that income too. You need to talk with your cpa.