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The decision should be to set up a business entity. As to whether it's an S, C or LLC really depends on the amount of revenue you bring in. If you're north of $3M to $4M per month, then it starts to look like you really need to be a C corp because you get killed on the LLC fees charged by the state, at least in Commie minded California. Oh, and find a good small volume accountant, who can pay really close attention to your business and make sure the quarterly filings and applicable taxes are paid. Set up a separate bank account that you use to pay taxes and such online.
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