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Incorporating a web business that includes AdSense

What did you include as assets of the new corporation?

     
5:01 pm on Oct 4, 2005 (gmt 0)

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Please some guidelines from experienced people.

When incorporate, may be is better that some aspect of the business remain with the original owner, for example the Adsense account.

Apparently the advisable way to the transition is that the new corporation opens a new AS account. After that, substitute the links, and then close the original account. That scares me.

Another aspect is the ownership of the domains. Changing it may be an annoying process.

So my question for those of you who has incorporated a web business that include AS, is this:

What did you include as the assets of the new corporation? If you have to do it again, what will you do in a different way?

Thank you for any advice.

6:04 am on Oct 5, 2005 (gmt 0)

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Talk to an accountant, not a webmaster. Everyone's situation is unique, depending on overall income level, State/local taxation, desire to fund a retirement plan, etc. You really need to sit down and go over things in detail when it comes to making decisions such as this.
12:27 pm on Oct 5, 2005 (gmt 0)

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Thanks Webwork. I think you are right.

However, it would be interesting to hear from other webmasters about it.

Best regards;

wgonz

12:40 pm on Oct 5, 2005 (gmt 0)

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hi wgonz

Webwork's advice is sound.

I would add that when searching for an accountant find one that has experience with web based companies.

Also the most expensive accountants are not always the best (found out the hard way) ;o)

for the record none of our companies have adsense down as an asset (we think of the site as an asset not adsense)

seek professional advice and good luck :o)

dazz

<edit>clarified, i hope!</edit>