Set up taxes
As a business providing services, you must collect taxes to send to the government every time someone makes a payment to you. There are some exceptions, for example, for digital goods in many jurisdictions.
For automatic processing of most tax calculations, use third-party software in your country. Ask other entrepreneurs and a tax consultant which software would suit you. None of this should be taken as tax advice, and you should consult with a tax specialist if you are unsure about your tax situation. Dating Pro does not register or remit sales taxes on your behalf.
Choose a business structure
Now you've finished all the exciting stuff with launching an online dating service: choosing a name, creating a website, finding the first profiles, defining profile descriptions. But before you launch, you want to legalize your new business. Registering your business is mandatory.
A legal entity recognized by the government also protects your personal assets if something goes wrong.
This will also help you:
Potentially get a lower tax bill
Easier provision of business financing
Creation of pension plans
Separate your credit rating from your personal rating
Common business structures for new business owners include:
Sole proprietorship. A non-corporate business with no legal distinction between the company and the person managing it. It qualifies as a non-employer business and is the simplest to set up and manage. About 40% of small business owners have a non-employer business as their primary source of income.
Partnership. A partnership is a single business with two or more owners. Each owner contributes to the business with funding, property, labor, or skills. Partners share responsibility and profits.
Limited Liability Company (LLC). An LLC is a hybrid business structure that combines a partnership with the liability protection characteristic of corporations."