That'd probably be the smart thing to do but I am delusional enough to believe I could eventually make enough to collect a pay check. I just didn't want to bother when it's not making enough to deal with the hassle but now that I have to explain my thinking it I'm not sure that makes sense that I'd do a bunch of other work just to avoid doing some other work.
E-hero Vulven:You don't need an LLC to be a sole proprietor. DBAs are cheaper & easier to form than LLCs (and exempt from franchise tax). Unless you plan on making mad bux or need protection from someone suing you for comic activities, you don't need it. Looking at the W9, you don't even need to put down a fictitious name. Just use your real name and they'll send it to your personal, called 1099s. Think of it as getting an extra W2 for tax season.
Oh wow I misread that. I didn't see the word OR in there. See, I'm dumb and shouldn't trust my own understanding of things. But my question with that is if I need a company name for comixology.
My thinking on this was that I only had to report the income if I didn't put it all back into the business. But now you have me thinking that I probably would have to report every time I gave the LLC money so maybe it is more hassle than it's worth.
I didn't read the whole thread. In the case of the OP. I would say you can feel justified pirating their stuff now. Because fuck'em.
On the larger discussion I think we as a society will have to figure out where it's human mistakes and what is unacceptable. Louis CK, for example, should have realized no one would agree to watching him beat off. So the question is at one point is he sad and clueless and at what point of persistence puts him in the same class as Harvey weinstein? Even if it was the best case scenerio where he didn't realize how much he pestered them or that there was an implied threat of not agreeing when he asked them- I'm not really a fan of his and he's made enough money at this point that I don't really care if his career is over as penance, but I think we're still figuring this out.
I've been working on a new series that I plan to publish via Comixology and I hit a wall when it asked me to fill out a w9. Should I set up an LLC, an S corperation, or what? I'm sort of leaning sole proprietor LLC because I'm under the impression that wouldn't be on my personal taxes... I don't know I'm really dumb when it comes to this stuff. What did you guys do? Thoughts?
I've brought back It Hits the Fan as a comic and it will have the original pages in it but it will now be a choose your own adventure style comic instead of the role playing format we were doing. It'll be clearer how the change works when we get further along.
cutething:becoming a business does not mean you do not have to pay taxes. donations may have their own tax code applied to them, so i'd recommend looking into kickstarter FAQs to find out more about this.
I'm planning on creating a kickstarter in the near future and I'm wondering if I should have created a company to put the money I raise in so it doesn't count as income. My wife is still in school so I'm worried it could affect her.
Has anyone had any experience with setting up a LLC or something for tax reasons? Any tips?
Once you've gotten the hang of the system, you can make a new character and do whatever the hell you want. Your GM will probably be more than happy to let you make a new character that you'll find interesting after you've learned the basics.
Or multiclass once you get a hang of it if you want to keep playing the same character but also want nifty new abilities.