Taxes (Minecraft server)

[HCTroops]

hello, I currently am looking to start a server. I have a business PayPal account that is under my legal guardians name, and do they have to pay taxes from server donations? I am confused about this, I just want an answer.

 

[warfox]

yes + you should register it as llc

 

[HCTroops]

yes + you should register it as llc

It is a LLC[DOUBLEPOST=1556682010][/DOUBLEPOST]

legally yes

So if I don’t pay taxes what will happen? I get liked fucked by the government or something?

 

[warfox]

It is a LLC[DOUBLEPOST=1556682010][/DOUBLEPOST]
So if I don’t pay taxes what will happen? I get liked fucked by the government or something?

1, Good
2, Yes you/the name that listed on the business will get fucked over. you'll most likely have to pay alot of late fees/jail time (Jail time is rare for very low income)