I was looking for some important startup advice for something I am trying to start. I am creating a financial planning/informational website with a buddy. The only way we are going to make any money is by ads. It definitely won't earn a profit for over a year with all of the expenses coming from website building, hosting, domain name, etc.
Should I consider it a business? If so, do I need to get an LLC? We have bought a domain name and started creating the website.
Also, would it be legal to copy over stories and articles onto my website from others as long as we site the author/owner? I see that Yahoo Finance for example uses everyones stories and articles from major news outlets such as CNN and the AP on their site.
I know these are rookie questions but thanks for any help!
A) The copying thing is piracy. Don't do it without permission.
B) Do you think someone might sue you? Do you want all your assets to be available to pay them? If you answered "yes" and "no" respectively, then probably use a limited liability vehicle.