Do you have a blog? Do you want to make money from your blog? Then you might want to consider incorporating your blog. Incorporating your blog means turning it into a business, which might seem intimidating as you might just want to write for entertainment. But if you want to make money from your blog, then you should consider turning it into a business.
Reasons You Should Incorporate
Does your blog make money? Then you should incorporate your blog. Do you want your blogging business to be around for a long time? Then you should incorporate your blog. Do you want to be protected from your personal assets being seized to pay debts as you run your blogging business? Then you should incorporate your blog. Do you want to be the only one who gets to use your blog’s name? Then you should incorporate your blog. Turning your blog into a business is useful if you treat your blog as a business and make it more credible legally. It can keep you protected from liability if something were to go wrong.
How to Do It
To incorporate your blog, you’ll need to register it. Incorporating your business or making it an LLC requires fees to register it. You need to know if your state requires a permit to have a business, and you might consider filing a DBA (doing business as) which allows you to use your blog’s name as a business name. You’ll also need to file taxes for your blogging business every year.
Why It Matters
Incorporating may seem unnecessary, especially because you only want to write blog articles just for fun. However, if you are planning on making money from your blog, you want protection for your assets (such as your house, car and savings) and your company name. If your company was sued, for example, you could file a claim that separates you from your business so that only your business is sued, not you as an individual. Doing so will protect your individual assets. Not everyone who writes a blog will be incorporating it, but there are benefits to be gained from incorporating your blogging business.
Incorporating a blog can be expensive and time-consuming. It might be stressful to you. But incorporating your blog has a lot of benefits, especially if you want to make money from your blog.
To get your business up and running, it takes a lot of work. For help with motivation and making goals for your business, schedule some coaching sessions!