Publishing Company?

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Chris_Chinn:
You may want to check on how Paypal pulls percentages to make sure it's not a situation where sending it over to the other authors is pulling another transfer fee.

Chris

higgins:
Sure, paypal has its fees, but so does every other credit system, including banks. I'm pretty sure one account and then splitting it would be a lot less hassle and confusion than having the customers wire money to three different accounts, or requiring IPR to do something similar.

However, currently I'm trying to figure out that, transfer fees aside, how feasible the idea would be in a first place? Will the IRS raise a red flag when the joint-account gets over $400? Or when each individual author gets $400 transferred to his bank from the joint-account? And in either case, there'd be no trouble if we declared the profits as individuals, right? We'd just pay taxes on it, if it goes over the limit, while incoporating would help us avoid the tax burden to some degree?

Ron Edwards:
Hiya,

Those last questions are probably out of the league for any of us to answer except through direct experience, and I have none at all to help in this case. If anyone does, then please chime in. For more general answers, you're best off looking at the policies of the IRS and other relevant agencies directly through their sites (daunting, but possible). If anyone wants to help with that and post links here, that'd be excellent.

Best, Ron

higgins:
Quote from: Ron Edwards on December 16, 2011, 09:59:19 AM

Those last questions are probably out of the league for any of us to answer except through direct experience

Yes, I'm perfectly aware of this, but I also figured that people around here would have loads of personal experience in selling games without actually going incorporated.

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