I am launching a used book buy/selling platform website for students where they can buy/sell from each other (direct buy/sell no commissions to the website).
My question is,
If I don't make money, or don't intend to make money(in the near future).
If I have a large number of users(all US based), probably hundreds of thousands -- Would you suggest it would be advisable to create a company even if I don't have any source of income from it?
From other similar questions, LLC seems to be the way to go, if I create a company.
You don't need to create a company now or even after you start marking money from the website as you could run the business as a DBA or a sole proprietorship. If you went that route, you may need to register the business with your local or state government but the fees, if any, should be minimal.
The better question is whether you should form a company to limit any liability to you.
The only advantage to forming a company now (at least that I see) is to protect yourself from personal liability if someone says you stole their idea. Barring that, there is no real advantage until you start making money or get investors.
Typically, VC/Angel investors will want to see a C-corp structure formed in Delaware. You can certainly form an LLC now and move it over if you get investment.
C-Corp fees typically run $800-$1000 per year (if you make no money). LLC's are different depending on the state. If you have no revenue, then there is a minimal fee similar to a C-Corp (again, it varies state to state).