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You do realize by 'gay' I mean a man who has sex with other men?
Your main LLC should be something you will use for all of your projects, adult, mainstream, bricks and mortar, etc, etc...
Then for each of your main projects, you create a DBA and operate those under the DBA.
Basically, by doing this, your liabilities are limited at the level of the primary LLC as all that company does is 'own' shares in the DBA companies.. It acts as if it is a holding company, nothing more, nothing less.
How we have our corporate structure setup, our main corporation operates several DBAs each of which have their own company address, bank accounts, etc and every month, at the end of the month, our main corporation is 'paid' by the DBA companies for providing hosting, content, traffic, marketing services, etc, etc...
If anything were to happen legally with one of the DBA companies, Gary and myself would be shielded asset wise, because our primary corporation doesnt actually have *anything* to do with the day-to-day running of the DBAs, it just gets payments from them for services rendered.
We actually have 2 main corporations in the State of Florida, each with 3 or 4 DBA companies operating below them, one for adult and online stuff, one for bricks and mortar companies, like the club we owned.
Anyone working in adult, IMHO should have an LLC or corporation setup to protect their personal assets.. Without exception... Whether we think of it as high risk or not, working in the adult industry is extremely high risk when it comes to the law... The last thing anyone needs is to end up in a lawsuit over one of their websites and to lose their home or property due to losing a lawsuit or having to defend a case in court.
The other major advantage of having DBAs setup below your main corporation is that if something ever does go wrong, in a major way, all you have to do is file bankruptcy for that specific company and the remaining businesses you operate are untouched by that one portion of your overall company going in to bankruptcy.
In our case it actually gets a little more complex to as our two primary corporations are owned by a third corporation, offering us even more shielding.
Regards,
Lee
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