Tax/small business advice:

[SarcasticDwarf]

I run a website (see sig) that is starting to grow in popularity and cost (~600 in and about ~900 out[roughly] per year). I'm thinking it might not be a bad idea to register it in some way.

From what I can tell in my state (Wisconsin) to register as a sole proprieter, I need to fill out a form and pay about $11. Is that what I should be doing? Thoughts? /me nudges CPA.

 

[dquan97]

Is there any income generated from the website?

 

[Crono]

I would recommend registering as a Small Business if there are many things you can legally claim as business expenses.

 

[smack Down]

You only need to register for sales tax. If your are not selling anything then you don't need to register

 

[jadinolf]

If you want to register the name of your company you need to file ficticious name statement. Usually this is a county thing.

Talk to your local newspaper. They will have the details.

 

[SarcasticDwarf]

Originally posted by: dquan97
Is there any income generated from the website?

As stated above, YES. The expenses far exceed the income.

 

[SarcasticDwarf]

Originally posted by: Crono
I would recommend registering as a Small Business if there are many things you can legally claim as business expenses.

Yes, but what kind of business.

 

[SarcasticDwarf]

.

 

[SarcasticDwarf]

Anyone?

 

[CPA]

Not too familiar with WI laws, but you look to be on the right track. Just remember to file Schedule C on your 1040.

 

[alm4rr]

single member LLC