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Claymerica
Forums Member
Joined: 15 Oct 2008
Posts: 22
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#1 · Posted: 21 Jan 2009 10:40
I understand that clickbank taxes anything over $600 per their website. So if i am gonna make more than that consistently this year with no employees should i just setup a DBA or should i do LLC. Right now im using my SS# but i figured i should do EIN #. If i do a DBA how do you go about doing that. Thanks for any help!
Clay
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A8ch
Joined: 24 Jun 2005
Posts: 939
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#2 · Posted: 21 Jan 2009 14:07
Depending on the state you live in, the procedures, forms and fees may be slightly different, but the process for registering a DBA is pretty straightforward.
You first want to make sure that the particular name you want is not already in use. You can find this out by doing a quick search of the appropriate state or county agency's database. That information should be accessible from their website, along with the steps to take to make your status official.
Hermas
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Claymerica
Forums Member
Joined: 15 Oct 2008
Posts: 22
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#3 · Posted: 21 Jan 2009 14:11
Thank you hermas i will check into that!
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mountainmom5
Joined: 30 Aug 2007
Posts: 3099
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#4 · Posted: 23 Jan 2009 18:31
I just went to my bank to open a business checking account and they gave me all the paperwork needed to file my business name with the state. It's really easy.
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Matt Zenittini
Joined: 16 Jan 2009
Posts: 480
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#5 · Posted: 26 Jan 2009 11:11
You can get an EIN without having a business.. I would recommend having an S Corp. It is worth it for HUGE tax advantages throughout the year.
A good CPA will take care of you and charge your yearly bill when filing taxes.
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