When is it the right time to start a corporation?

Discussion in 'Legal Issues' started by dice336, Jul 12, 2007.

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  1. #1
    I am slowly building up my domain portfolio and own about 100 domains. Am I taking a big risk by not starting a corporation? Any input is appreciated.
     
    dice336, Jul 12, 2007 IP
  2. Geoffrey

    Geoffrey Banned

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    #2
    Do you actually do anything with all the domains, or are they just bargains you've snapped up to resell in the future?
    If so, don't bother about starting a corporation.
     
    Geoffrey, Jul 12, 2007 IP
  3. dice336

    dice336 Active Member

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    #3
    They are all parked including a few typos.
     
    dice336, Jul 12, 2007 IP
  4. marketjunction

    marketjunction Well-Known Member

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    #4
    Yesterday.

    Suppose you get sued over one of those typos tomorrow. Guess what. Your personal assets are now in play.

    Setting up a LLC or corporation is a must in my opinion.
     
    marketjunction, Jul 13, 2007 IP