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Ask HN: How do I make money from a startup?

4 pointsby mbet10almost 15 years ago
Am I allowed to just start accepting money from people through paypal for services my website offers?<p>What legal concerns should I consider before accepting money from users?

1 comment

andrewljohnsonalmost 15 years ago
You just have to pay your taxes, and you are all good. You can set up an LLC to funnel all your payments through, but you can also just pump them into your checking account and give Uncle Sam his due.<p>Make sure you write off any business expenses - whatever space you use to work, hosting bills, etc. TurboTax will help you make all the right deductions no problem.<p>If you don't live in the US, I don't know :)
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