Distribution of Web Site Profits
I have a concept for a web site collective that will make money through selling online advertising. I want to run it through my company (not yet formed) and pay out some of the profits to members of the collective (individual site owners). They will have their businesses (already formed) operating in different states than Indiana, where I live. Is it possible for me to pay them portions of the profits? How is the best way to structure my business entity to allow this?
Thanks in advance.
1 Answer from Attorneys
Re: Distribution of Web Site Profits
You need to take your concept and a bag of money and make an appointment with a real lawyer experienced in business law. The legal structure for everything you want to accomplish can be done, but there are very many variables to consider. If you feel shy about meeting with lawyers, then I suggest you read a few reference books about internet business formation. Good luck.
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