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Thread: Do You Operate (Mainly) as a Company or a Person?

  1. #11
    DomainMagnate's Avatar
    DomainMagnate is offline Super-Duper Moderator
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    a bit of both heh, it's somewhat dual, but the thing is we don't face any "real risks" in our business, like going bankrupt, owing lots of money to creditors etc and that is usually the main reason to set up a company.

  2. #12
    thoran is offline Newbie Net Builder
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    I operate as a person. I love to make money online. I'm mostly into SEO services.

  3. #13
    DickTracy is offline Newbie Net Builder
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    I am based in rural France and there are very high obligatory 'social contributions' (health, pension etc) for individuals in France. Hence I am a company.

    To the bewilderment of our company accountant, who can't understand what I do or how I make a living from it, or why overseas companies keep sending me money without me invoicing them first. All his other clients are farmers, carpenters etc and affiliate marketing is kind of unheard of here.

  4. #14
    Will.Spencer's Avatar
    Will.Spencer is offline Retired
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    Quote Originally Posted by DickTracy View Post
    To the bewilderment of our company accountant, who can't understand what I do or how I make a living from it, or why overseas companies keep sending me money without me invoicing them first. All his other clients are farmers, carpenters etc and affiliate marketing is kind of unheard of here.
    That paragraph wonderfully describes the difficulty I have often had explaining this business to people.
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  5. #15
    Shenron's Avatar
    Shenron is offline Administrator
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    Quote Originally Posted by Will.Spencer View Post
    That paragraph wonderfully describes the difficulty I have often had explaining this business to people.
    Exactly.
    I've tried a few times in the past, but now I just don't care, afterall the more I talk the more competition there is...

  6. #16
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    Ash
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    Quote Originally Posted by Shenron View Post
    Exactly.
    I've tried a few times in the past, but now I just don't care, afterall the more I talk the more competition there is...
    People here in India are bewildered, bemused and scared at the same time.

    "How the hell did this kid get so much money and build so many things in so little time all using the internet."

    People ARE strange.

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  8. #17
    Charles's Avatar
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    Quote Originally Posted by Ash View Post
    People ARE strange.
    Web developers are not.

  9. #18
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    Quote Originally Posted by Charles View Post
    Web developers are not.
    Them too.

    They think they understand online marketing, but they don't.

    So, the only bunch I hang around with is entrepreneurs who know what they're doing.

  10. #19
    egk
    egk is offline Unknown Net Builder
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    I operate all of my online activity as a person, but I should really incorporate as a business in order to protect my personal assets. My problem is that I live in California and they charge an $800 a year incorporation fee. $800 a year would seriously cut into online profits that I do as a hobby/side job!

  11. #20
    Charles's Avatar
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    Quote Originally Posted by egk View Post
    I operate all of my online activity as a person, but I should really incorporate as a business in order to protect my personal assets. My problem is that I live in California and they charge an $800 a year incorporation fee. $800 a year would seriously cut into online profits that I do as a hobby/side job!
    It's not cheap. In NZ it's cheaper, but still not overly cheap. Tax rates are also significantly higher, unless you are earning a fairly substantial income.

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