I was talking to a lawyer today about my online business and asking for advice. She told me that if any of my websites are generating revenue it is best to start a different LLC. for each one of them.

In terms of taxing and revnue it wouldn’t really make any difference. However, by starting different companies I would be protecting each website from being liable for any wrong doings on another website. For example, if my website A gets sued for whatever reasons, my website B can not be used to pay for the damages caused by website A’s mistake (given that I lose the lawsuit).

Having a separate LLC. for every revenue generating website makes it easier when deciding to sell the business. It also makes it MUCH easier to keep accounting and books.