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  1. #1
    Member
    Join Date
    December 3rd, 2007
    Posts
    177
    Tax & Personal Liability for Affiliates
    Hi InternetAttorney: As a newbie to affiliate marketing, I was wondering at what point (i.e. how much money should someone make) should an affiliate consider registering as an LLC or Corp?

    For personal and tax liability purposes, is a Single Member LLC a good option for a one-person business or would a S-Corp be a better choice?

    Also, how much should you worry about personal liability protection? I know people are so litigious these days and will file a lawsuit for just about anything, so what is the best way to protect yourself?

    Any resources you can direct me to would be much appreciated!!

    Thank you!!

  2. #2
    Newbie
    Join Date
    April 23rd, 2008
    Location
    Washington, DC
    Posts
    21
    LLCs are very popular because they do not require the same formalities that standard corporations require. An S-Corp is likely preferable for a small-time affiliate because all the money your company makes is passed on through to you and is taxed once, unlike a C-corp where you are effectively taxed twice (first on the corporation's profits and next on your personal profits overall).

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