News for hackers. Stuff that matters.

A comment on Ask HN: Starting Your Own LLC?. Parent comment

Re:Ask HN: Starting Your Own LLC? by hayksaakian on Saturday May 25, 2019 @12:32PM (#20009895)
I've skimmed through it, and it's a fine guide if you're starting a traditional startup that plans to raise money.

If you're starting any other kind of business it's a little over kill.

Generally registering an LLC, applying for a business license and then requesting a Tax ID number from the IRS is really all you need for a web based business of 1 person.

[ Parent | on HN ]
Re:Ask HN: Starting Your Own LLC? by riku_iki on Saturday May 25, 2019 @06:14PM (#20011800)
> applying for a business license

what is it for " a web based business"?

[ Parent | on HN ]
Re:Ask HN: Starting Your Own LLC? by hayksaakian on Sunday May 26, 2019 @04:41AM (#20013851)
I guess I'm not really understanding your question.

In order to legally do business and report on your taxes (in washington state for example) you need to register your entity as a business with the state -- in the form of a business license.

I only used the phrase "web based business" assuming you have no physical property (retail) or employees which add additional licensing requirements and more complexity.

[ Parent | on HN ]