C Corps are open to an unlimited number

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C Corps are open to an unlimited number of shareholders. They also have to pay taxes at the company level. Currently, there’s a flat 21% tax rate for C Corps, but they’re subject to double taxation—which as a solo blogger would translate into less take home income for you under this business entity.

Limited Liability Company (LLC)
An LLC is the most popular legal structure for blogging businesses to operate under.

With this structure, you’re not personally liable for business finances or legal issues—and you’re not subject to double taxation. While this business entity is very easy to set up, you have to pay an ongoing tax in order to operate.

This fee is different in each state, so do your research about your state’s requirements. For example, California has the highest cost to run an LLC—charging $70 to initially file and an $800 annual franchise tax in order to continue operating, whereas dozens of states have annual fees between $0 and $50.

Whatever structure you use for your blog business, you should open a armenia phone number library bank account for all your business transactions. This helps a lot with bookkeeping and also gives you a clear idea of how much you’re making from your blog and how much you’re spending. As an aside, if you’re interested in average times to earning from a blog, check out my guide on how long it takes to make money blogging.

3. What is a 1099-MISC Tax Form (Taxes for Bloggers)?
What is a 1099-MISC Tax Form (Taxes for Bloggers) Stock Image
Blogging income often comes from many different sources. Therefore, bloggers must report every source of income on their taxes.


"Blog income often comes from many sources, and you'll need to report each of those sources of income on your taxes."" ...
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If this is your first year blogging, you may wonder why you’re receiving 1099-MISC forms from the sponsors or affiliate companies you promote.

What exactly is a 1099-MISC tax form?

In an employer-employee relationship, you receive a W-2 at the end of the year, detailing your earnings, deductions and contributions for the year. As a self-employed blogger, you’ll receive a 1099-MISC from every company that either pays you. In case of a company like Stripe or PayPal that processes payments you accept for the sales of your own products and services, you’ll receive a 1099-K form.

What You Need to Know About 1099-MISC Tax Forms
A 1099-MISC form is a detailed statement of your earnings from a particular company (whether as an affiliate or contract worker).