• July 2018
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When starting a blog, should you LLC it first?

It largely depends on if you’re treating your blog as a business and not a hobby. Importantly, the IRS has a rule that if a limited liability company (LLC) has not turned a profit in at least three of the prior five years, the IRS will categorize your business as a hobby. If the IRS classifies your blog as a hobby it would prevent you from claiming a loss related to the LLC.

At LawTrades, we’ve have helped a bunch of bloggers deal with their legal concerns by offering affordable legal representation from top-notch attorneys. Stop by for a free consultation or a free price quote!

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