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WHC Internet Marketing Guide

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A Legally Established Business

Standard Disclaimer: I'm not a lawyer, and nothing here should be considered legal advice.

There are tax and asset protection benefits to running your business through a limited liability company or corporation (in most cases, an LLC is probably a good choice). Running an informally organized business with partners can expose you to serious risk.

Hiring an attorney to do the paperwork to set up your company can cost in the neighborhood of $400. Another option is to order the documents online. This costs less, but you'll have to complete and files the documents yourself. Instructions for doing so are included with the package linked to above.

Run all of your business' money through accounts (bank, PayPal, credit card) used only for business. I find it extremely convenient to have my personal and business bank accounts at the same bank, because I can pay myself easily without leaving home by going to the bank's website and transferring money between accounts. If you're interested in doing this, check with your bank to be sure that you'll have access to both accounts under the same login before setting up the account.


This guide is an eternal work-in-progress -- as our knowlege grows, so will these pages. Navigate to the pages that are of most interest to you now, bookmark and study the materials under them; and subscribe to the White Hat Crew weblog's RSS or Atom feed to find out when we add significant new content.

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About White Hat Crew | © 2005-2012 Gecko Tribe, LLC | PO Box 5835, Grand Island, NE 68802
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