asked

I produce a live Sports Talk Show on YouTube in partnership with another person. We've been discussing forming an LLC as a partnership to protect ourselves and to run online auctions for high-profile retired athletes' autographed items, with all proceeds going to charities. Is an LLC taxed as a Partnership the best entity for this, and would the auction proceeds need to be recorded as income if they are given to a qualified 501(c)(3) charity?

May 22nd, 2024

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