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Individual or what?

Discussion in 'Business & Tax Advice' started by KillerBee, May 16, 2009.

  1. KillerBee

    KillerBee Junior Member

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    Ladies and gents, I'm gonna need some advice here. I've been getting accepted to affiliate networks :D
    When asked about my tax information, what should I put down? Individual or what?
    Would it be better if I get a LLC? Anything to pay the lowest taxes possible. ;)
    If there's such a thing as lowest taxes possible! :D
     
  2. TJ

    TJ Junior Member

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    Nothing wrong with putting yourself down as individual; that's what I did.
     
  3. KillerBee

    KillerBee Junior Member

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    I thought that by having a LLC, I would pay less taxes?
     
  4. innocent

    innocent Junior Member

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    The answer to your question is more complex and additional information is needed. What kind of money are you making right now? What are your expenses? Bottom line is that an LLC won't help you much if your online earnings are less than a 4 figures... Also, you need to ask yourself why you want an LLC. Is it for tax purposes? Or, is it for protection of assets and liability? The answers to these questions will guide you both in making a decision on the necessity of a LLC/Corp, and deciding what type of business entity would best suit your needs.
     
    Last edited: May 19, 2009
  5. Plasma3

    Plasma3 Newbie

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    Sure does sound individual..
     
  6. glove

    glove Junior Member

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    I guess individual is the right answer.Individual means your own income that will help you to what you need.Lowest taxes.