I made a shitapp that is making me over $300 per day in ads, what do I need to do to turn this into a legit company? Making more apps is obvious, but do i need to make it an llc or what? Babbies first biznizz general

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Anonymous Wed Apr 22 21:33:17 2015 No.732190 [Reply] [Original]

I made a shitapp that is making me over $300 per day in ads, what do I need to do to turn this into a legit company? Making more apps is obvious, but do i need to make it an llc or what? Babbies first biznizz general

>>	Anonymous Wed Apr 22 21:36:20 2015 No.732193 Tell me your story. How the fuck did you do that?

>>	Anonymous Wed Apr 22 21:36:51 2015 No.732194 Forming a LLC is common, but not necessary. You could just remain a sole proprietorship and file for a trade name / doing business as if you don't want to operate under your own name.

Anonymous Wed Apr 22 21:38:14 2015 No.732199

Im a CS student that has been programming since i was about 10. I always found data mining fascinating so I built something that would suggest me apps to make. I made one and loaded it with google ads and for some unknown reason people actually click them.

Anonymous Wed Apr 22 21:40:10 2015 No.732205

>>732193
sorry meant to reply to you.
>>732194
thank you, I have no morals when it comes to creating whatever garbage it is that people want as long as i get paid so its not quite about the name. I heard that LLCs provide a sort of safetynet for bankruptcy and what not. Im sure its not that simple but would appreciate any other input.

Anonymous Wed Apr 22 21:45:24 2015 No.732214

>>732205
A LLC gives you limited liability protection (think owning shares in a corporation). In theory that means you aren't personally liable for the business' debts or certain judgments against it. In reality it's difficult to actually remain separate from a single member LLC, and if you try to use it for obviously fraudulent purposes it's easy for a court to pierce it and make you liable.

>>	Anonymous Wed Apr 22 21:46:53 2015 No.732218 >>732214 I actually have a partner but i assume its still the same anyway. Really wouldn't be using it for fraud, just dont want something that I did in college at a half assed attempt to make money to eventually fall back on me

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