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Thread: Camming and Business or individual account

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    Default Camming and Business or individual account

    I am having to resign up for streammate and am thinking about signing up as an LLC or Scorp instead of using my SS for an individual account. Who here is using an LLC or SCorp and is it a better situation financially and personally? Is it harder to find out if you have done camming in a background check through a business name? Can I sign up as an LLC or Scorp in a different state? I have read through the posts but I am still confused and am wondering if it worth the trouble of establishing a business instead of just signing up as an individual. Thank You!

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    Default Re: Camming and Business or individual account

    I have an S-Corp registered in the state of Wyoming. Before moving outside the USA, I lived in NY and NJ. Because the state of registry and my states of residence were SO far apart, nobody ever thought to 'search' that far. Also, since Wyoming is one of only 4 states which do not have information sharing agreements with the feds, even if someone in NY or NJ tried to get information on my Wyoming S-Corp's activities, it would have been very expensive and time consuming to actually get their hands on said information.

    I chose an S-Corp over an LLC because of the S-Corp's ability to 'split' total business income into a ( fully taxable ) 'salary' plus a reduced tax 'dividend' payment. At higher income levels this tax advantage 'pays for' the costs of setting up and maintaining the S-Corp. But at lower income levels, the costs exceed the tax savings.

    However, the biggest future 'fear factor' regarding camgirls being outed moves beyond today's EIN / SS# 'paper trail' to tomorrow's use of facial recognition software. From that standpoint it won't matter at all if a camgirl uses an EIN and a corporation to obscure their 'paper trail' ... because prospective future employer facial recognition searches will be trying to match up a facial pic of job applicants with matching facial characteristics of internet images. Thus, a few years from now, it's highly probable that employers utilizing facial recognition search software will turn up matching internet images of camgirls from cached webcam host pages, customer upload sites, pirate / tube sites etc.
    Last edited by Melonie; 08-02-2014 at 06:33 PM.

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