I am a sole owner of a website that is being developed.I may, possibly want to take investors at a later date ,and maybe NOTFrom a tax standpoint what type of corporation or other entity should I formFYIThe business may make zillions, ten dollars or nothing - I dunnoThanks
Country/State/Province of question: California
Being a sole owner of the website you will probably want to be taxed as an individual (Schedule C) or an S-corporation to start. This will give you the optimal tax benefits. I am preferential to the S-corp but it carries more filings and more reportings than the Schedule C.
Once you decide to take in investors you can liquidate your current company and form a corporation or partnership. This would provide the optimal structure for investors wishing to purchase and redeem shares. Ultimately a C-corporation is best for this as shares are easily transferable.
The S-corp provides better legal protection than the Schedule C.
I hope this helps, please let me know if you have any further questions.
Professional with finance related questions.