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Old 02-26-2019, 10:51 AM
 
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For example, can Google Play mobile app developer register a business?

How much does it cost to register as business? How to register business in USA? How much does it cost annually? Is it worth?

Thanks.

Last edited by Baike; 02-26-2019 at 11:20 AM..
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Old 03-04-2019, 10:16 PM
 
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Quote:
Originally Posted by Baike View Post
For example, can Google Play mobile app developer register a business?

How much does it cost to register as business? How to register business in USA? How much does it cost annually? Is it worth?

Thanks.
In the U.S. each stay in a a separate government agency. Each state and many counties and cities within the state may impose their own rules on what you have to do. As an app develop few situs laws will apply to you, so you are essentially left with picking state to register with which will involve get a tax id and filing and filing an assumed name for the business if you use a name other than your own. The cost varies by state and county.
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Old 03-05-2019, 09:18 AM
 
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Most states have a department of corporations where you can file to incorporate your business. You also have the department of the treasurer where you'll need to register and set up tax entity for a gross receipts tax or a business or professional (BPOL) license tax.
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Old 03-05-2019, 09:31 AM
 
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Originally Posted by lchoro View Post
Most states have a department of corporations where you can file to incorporate your business. You also have the department of the treasurer where you'll need to register and set up tax entity for a gross receipts tax or a business or professional (BPOL) license tax.
My other part of question (main question) is more about if it is worth? It is good to register as business, or just report usual income without business.

For IRS Form 1040 Schedule C, is there big difference between registering LLC and not registering LLC ?
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Old 03-05-2019, 01:14 PM
 
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Quote:
Originally Posted by Baike View Post
My other part of question (main question) is more about if it is worth? It is good to register as business, or just report usual income without business.

For IRS Form 1040 Schedule C, is there big difference between registering LLC and not registering LLC ?
An LLC is a limited liability corporation. The purpose is to limit liability. You essentially report income on your own income tax form as opposed to an entity tax form. The question you really need to ask is do you need liability protection? If you do, yes it is worth it. Be aware you need to act in accordance with your business structure in order not to pierce the liability insulation veil.
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Old 03-05-2019, 01:22 PM
 
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Originally Posted by GhostOfAndrewJackson View Post
An LLC is a limited liability corporation. The purpose is to limit liability. You essentially report income on your own income tax form as opposed to an entity tax form. The question you really need to ask is do you need liability protection? If you do, yes it is worth it. Be aware you need to act in accordance with your business structure in order not to pierce the liability insulation veil.
What is exactly about liability protection? What protection? Sounds like it does not apply to my case, it is app developer, no financial risk, just plenty of time.
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Old 03-05-2019, 05:34 PM
 
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Originally Posted by Baike View Post
What is exactly about liability protection? What protection? Sounds like it does not apply to my case, it is app developer, no financial risk, just plenty of time.
Really?

You create an app for smartphone, a person is using it at a traffic light when they are in an accident, you are sued for creating a attractive nuisance that contributed to the accident.

You create an app that data mines information from Family Search. That information is used as the basis for launching a claim against an estate. I turns out the data you retrieved was accurate but Family Search changed the API and you did not update you app in time and so your date actually displayed the wrong data, you are sued to recover legal fees associated with the challenge of the estate.

You create an app that date mines demographic data from city-data based on user criteria. Later on it is determined that your app was used to develop a target list for a hate crime. In the lawsuit city-data is exonerated because they simply provided raw data, but your app is claimed to have enabled the particular search for >80% black + list of nursing homes plus > 80% Democrat and it is claimed you app did not provide adequate safeguards to prohibit such searches.
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Old 03-05-2019, 08:55 PM
 
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Quote:
Originally Posted by GhostOfAndrewJackson View Post
An LLC is a limited liability corporation. The purpose is to limit liability. You essentially report income on your own income tax form as opposed to an entity tax form. The question you really need to ask is do you need liability protection? If you do, yes it is worth it. Be aware you need to act in accordance with your business structure in order not to pierce the liability insulation veil.
A LLC is a limited liability company that may be taxed as a corporation.
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Old 03-06-2019, 12:49 AM
 
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Originally Posted by TaxPhd View Post
A LLC is a limited liability company that may be taxed as a corporation.
Agreed.
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Old 03-06-2019, 06:44 AM
 
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Quote:
Originally Posted by Baike View Post
For example, can Google Play mobile app developer register a business?

How much does it cost to register as business? How to register business in USA? How much does it cost annually? Is it worth?

Thanks.
Back to basics. Are you in the US? Have you earned any money on your apps? How much?

Most small businesses in the US are set up as sole proprietors.
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