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Starting an Online business. What legal things do I need??

Discussion in 'Business & Tax Advice' started by jonezy2u, Mar 19, 2014.

  1. jonezy2u

    jonezy2u Newbie

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    Hello,

    I am starting a web-based service building sites for people and wondering what legal things do I need? Should I copyright or Trademark the name? Should I make it an Inc or LLC? What would be best for web-based services?

    Thanks Guys
     
  2. turbovid

    turbovid Newbie

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    hi , i think that you should copyright or trademark the name :)
     
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  3. LeadGenProfits

    LeadGenProfits Newbie

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    Hey jonezy2u,

    What country are you in? If the U.S., which state?
     
  4. jonezy2u

    jonezy2u Newbie

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    Hey,
    Im from the U.S im located in New York City.
     
  5. innosoft

    innosoft Jr. VIP Jr. VIP Premium Member

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    basically you dont need anything. just start!!! when u make profits come to this thread and continue discussion!
     
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  6. evilclown

    evilclown Senior Member

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    You don't need to trademark just yet, is an expensive cost you don't need when starting.

    My LLC is Albany, NY. :D

    All you need to do is go to legalzoom.com they did mine. All I had to do was post it on classified places and guess what. Online does count as advertisement. ;)

    You send a print out and you done. You can get your EEI online instantly. Then head to PayPal and ask for debit card :D
     
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  7. ysb335

    ysb335 Newbie

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    dont take anyones pictures it will cost you lol
     
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  8. thisthatandthemba

    thisthatandthemba Newbie

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    evil clown .... nice im in syracuse...drop me a message on gmail and lets chat... thisthatandthemba
     
  9. cybergold

    cybergold Newbie

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    As various posters already have suggested: Do not overestimate the legal stuff. Before thinking about the law, think about the BUSINESS.
    Having said that.
    1) Incorporation
    I prefer to do most of my businesses through the protection of an LLC or corporation.
    The LLC is easier to manage and less formal, so I suggest to go for an LLC.
    VERY IMPORTANT: keep business (=LLC) and private stuff separate. Different bank accounts, no borrowing from one to the other,
    otherwise a plaintiff will pierce the corporate veil.
    (As to the tax consequences: it is all pass-through= the legal entity does not pay taxes, the individuals behind it do-look for schedule C on your 1040).
    2) intellectual property
    As to trademarks and copyrights: you create it, you have the right (in the US, different in other jurisdictions). You can get a bit more formal about
    it and register your trademark with the USPTO, but I would only do that after you have reached name recognition= not only friends and
    acquaintances and friends of friends etc hire you, but businesses are attracted to your company and not you personally.
    3) Standard terms and conditions
    Copy the standard terms and conditions of a related business, read them, understand them, change their name and insert the name of your LLC and off you go.
    If a problem comes up you need to know what the contract says. Don't be an asshole and show off all the nasty stuff you can put in your contract.
    The law is second, business is first.
    4) Accounting
    I hate bookkeeping and have tried to outsource it as much as possible. To start the process, do not go for quickbooks or an accounting package.
    Excel will do fine: Income and expenses, that is what you need to keep track of.

    Any questions, PM me.
     
  10. pxoxrxn

    pxoxrxn Supreme Member

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    You don't legally need it but a contract is always a good idea. Get your client to sign the contract before you start work and make sure it has details of ever aspect. You'll always get people saying I want this and that extra and not expect to pay. This way if you do what the contract says and they decide they want more an you don't want to do more, they still have to pay you.
     
  11. srb888

    srb888 Elite Member

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    Find a good but inexpensive lawyer first!

    :)
     
  12. jasonxman

    jasonxman Newbie

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    Forget trademark, you're a nobody. Wait until you make enough money on orders to pay for it. Legal zoom charges $550~ (not sure on the exact price). Depending on the type of company, some lawyers recommend S-Corp.