Hey Veeky Forums, I'm an amateur game dev about to put out their first major product in the next few months after some polishing and I was looking for some advice.
There was only two people involved with the actual production of the game and we aren't expecting a HUGE volume of sales since it's our first game but we have plans for other games in the future. I guess my question is is there a certain breakpoint where becoming an LLC would be a good idea or should I not even bother with 2 people essentially making games out of a basement?
Jordan Sullivan
What country are you in? How much are forecasting you'll make?
Alexander Powell
Murrica and if I had to guess 50k split 2 ways
Brayden Adams
figure out:
How fast can you produce games
How much money will it cost to make your games
Can you make a enough income off the company to live?
The main point of you incorporating at your stage would be for tax and investment reasons. Unless someone wants to invest money into the project, you need to take out loans, or you're pulling in a significant amount of cash with a significant number of expenses, don't bother incorporating.
Lucas Parker
You should do that just for tax purposes retard
What if you get sued?
Easton Barnes
>That .GIF Look at the end of the stick to the right, when the dog moves forwards. It phases right through the bridge supports.
That's not just a smart doge, that's a magical doge.
Ryan Hill
This. If you get sued as you sit they can and probably will take both of you down. With an LLC, if he fucks up they can't touch you.
Plus as a business you can start to write shit off if you know the laws. The only real downside is the fact that you have to start doing good, proper books and such.
Nolan Hernandez
Fuck me, that dog is a wizard
Gabriel Carter
ya Im not sure knows what hes talking about. I was under the impression you should always be operating as an LLC if possible
Joshua Cooper
lol no
You should be operating as an LLC by default. If you want to buy a luxury car for example, just say it's for the business and boom, there's a tax deduction.
Mason Watson
Dude your right holy fuck
Liam Wilson
You have been visited by Stick-Carrying Wizard Dog of Good Veeky Forumsness.
You will be gifted with good luck in your Veeky Forumsness endeavors for the next year, but only if you post, "good doggie, have a biscuit!" ITT within 10 seconds of reading this.
Blake Mitchell
what the FUCK man
Hunter Parker
good doggie, have a biscuit!
Tyler Sullivan
Firstly, congratulations on making it through development.
Its smart to have an LLC in case there are any sudden legal issues. Although I doubt there would be much legal trouble with your first game, an LLC will help so that your personal assets won't be touched in the event you find yourself sued. LLC's aren't usually too of a cost, and the taxation for them is usually low cost too.
good doggie, have a biscuit!
Cooper Miller
good doggie, have a biscuit
Landon Watson
Form an LLC right now. You can then issue shares, have board members, write off all expenses, etc. It also helps you reduce risk.
Jose Morris
"good doggie, have a biscuit!"
Evan Brooks
Good doggie, have biscuit
Andrew Nelson
Bruh.
Form an LLC immediately. That and a business bank account are the very first thing you do.
Both are insanely simple and can be done in a single business day.
I went to my state corporations site and formed one in an hour. I had to spend $75.
No reason not to.
Camden King
>good doggie, have a biscuit!
Oliver Lopez
good doggie, have a biscuit!
Zachary Nelson
good doggie, have a biscuit!
Owen Bailey
good doggie, have a biscuit!
Nathan Gonzalez
You all are dumb doges the stick doesn't phase through it just goes past it because the stick isn't that long and perspective
Levi Kelly
good doggie, have a biscuit!
Isaiah Anderson
It'd be a waste of money and time for you, since you are asking Veeky Forums and not a lawyer, you're 99% likely to end up not knowing how to use the LLC properly and fail in limiting your persona liability anyway.
