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<blockquote data-quote="wEBot" data-source="post: 7916" data-attributes="member: 17"><p>Hope this is the right place to post.</p><p></p><p>My brother and I intend to start a business selling strictly downloadable digital goods online. (think font packages)</p><p></p><p>We are doing this for the sole purpose of being a learning experience and hopefully generating some side income. I do not see this business idea "taking off" in any capacity.</p><p></p><p>I am debating whether we a) need to incorporate at all b) should file as an Individual LLC insurance rather than a Partnership to avoid tax and liability headaches</p><p></p><p>We have already agreed that if need be, the LLC would be filed under my name only (with him as an employee) to keep tax filings minimal.</p><p></p><p>Would a Sole Proprietor with business insurance potentially be sufficient liability coverage? I truly don't think our product offers any sort of risk to the buyer (other than failure to receive it).</p><p></p><p>Again, just doing it for the learning experience but would like to avoid costly legal mistakes.</p><p></p><p>Thank you</p><p></p><p>submitted by <a href="//www.reddit.com/user/butimadecake"> /u/butimadecake </a> </p><p><a href="//www.reddit.com/r/Entrepreneur/comments/g56bdx/register_as_llc_or_sole_proprietor_with_business/">[link]</a> <a href="//www.reddit.com/r/Entrepreneur/comments/g56bdx/register_as_llc_or_sole_proprietor_with_business/">[comments]</a></p></blockquote><p></p>
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