What Kind of Business Entity Do You Operate?

I read Sully’s Blog’s interview of Deborah Sweeney of MyCorporation Business Services, and it made me wonder what percentage of people in the domain industry have incorporated their domain business, be it LLC, S Corp, Inc…etc.

For tax and liability purposes, I operate two different LLCs for my businesses. Each business is its completely separate entity, and I don’t intermingle finances, expenses, or domain names. I maintain  separate  sets of books and bank accounts for each business. I also keep all personal expenses separate from my businesses for obvious reasons.

I am wondering whether domain investors who read my blog have taken steps to legally separate their personal and business accounts/finances. Please use the poll below to answer, and feel free to let others know what type of entity you operate.


Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

10 COMMENTS

  1. With blogging, is it really possible to separate the “individual” blogger from its corporation/llc that owns the blog? I notice some domain parking companies and domainers are based outside of the U.S.A. Seems like a strategic move.

  2. I have a media business, but so far it’s all been a one man show, and I haven’t had the money or time to actually look into how I should be setting things up.
    I guess this is a good reminder to add it to the list, and set something up.

  3. @Poor Uncle
    “I notice some domain parking companies and domainers are based outside of the U.S.A. Seems like a strategic move.”

    No, there are people outside of usa ? There is Internet ?!
    Imagine that what would happen if they have internet, and start domaining …. maybe they create some domain marktplace (lets call it sedo) … or parking company (Namedrive).
    Ah forget it, there are no people outside of USA… an if i’m sure they dont have internet. Why would they use some Military Technology?!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Squadhelp Adds Escrow.com as a Payment Option

1
Squadhelp has added Escrow.com as a payment option for buyers. The addition of the Escrow.com option was shared by ARIYAS on X this morning: 👍...

Some Thoughts on .AI Domain Names

19
There is no question that .AI domain names have become a hot topic of late. With considerable amounts of venture funding flowing into AI...

Handoff to Dan on Imported Leads Can be Confusing

0
I've been using the lead import option at Dan.com more regularly. Although the 5% commission is not ideal, transactions tend to move more quickly...

ArtificialIntelligence.com Goes Up for Sale

11
I tried to buy the ArtificialIntelligence.com domain name multiple times over the last 10 years. The emails I sent to the registrant went unanswered,...

EU Gives More IP Protection to Food & Drink Producers

0
Did you know that some well-known food and drink varieties are protected intellectual property regulations? Popular types of drinks and foods that are protected...