I have coupons website with membership and forum. I am planning in the future to charge members for submission of their coupons.I also have ...

Question

I have coupons website with membership and forum. I am planning in the future to charge members for submission of their coupons.I also have a forum on my website. I need to register a company. What business structure I should choose for my company- LLC,Corporation, S Corporation,Partnership?

I can run this company (website) by myself or with my husband.

Thanks,

Alena

Answer

If you are the only owner of the business, I would suggest that you form as a LLC that is taxed like an S-Corp. However, you should speak with an attorney and a CPA to discuss what is needed to assure both are done correctly. Speaking with an attorney and a CPA will save you money in the long run and is not as expensive as you may think. Much more that a filing with the Secretary of State needs to be done to guarantee you achieve protection from legal liability.