Hi All,
What business entity would be best for a business similar to the one described below? Will I need to register this entity with IL or can I register it in another state that has more attractive taxes.
I currently live in Chicago, IL and I'm developing a listing website similar to yelp.com that charges a monthly fee for local companies to host their business profile. I will also generate income from the membership fees, premium listings, and affiliate commissions. I'm the sole owner and I do not have or plan to have any employees for a while. I've been outsourcing all of my work. Let me know if you have any questions.
Thanks,
Brad
What business entity would be best for a business similar to the one described below? Will I need to register this entity with IL or can I register it in another state that has more attractive taxes.
I currently live in Chicago, IL and I'm developing a listing website similar to yelp.com that charges a monthly fee for local companies to host their business profile. I will also generate income from the membership fees, premium listings, and affiliate commissions. I'm the sole owner and I do not have or plan to have any employees for a while. I've been outsourcing all of my work. Let me know if you have any questions.
Thanks,
Brad