I'm working on a project where I'd like to have each user pay a subscription, and then reward certain users a portion of the net subscription revenue based on how many other users view their content. I do not intend to edit or audit their content.
I have no personal knowledge of the taxes or legal considerations involved in mass user payments, and would like to get a product out and experiment with different kinds of features and monetization strategies before investing in any kind of legal/tax consultation, which I can't afford (unless it's very cheap).
As of right now, I'm assuming I need:
1. a content agreement (don't upload illegal/copyrighted things) 2. a revenue sharing agreement 3. a liability agreement (if the payment processor screws up or you give me incorrect info, not my issue)
I'm planning on supporting venmo and btc/lightning, and am the only person on the project (and am planning on doing all the tax/payment stuff myself).
Is there anything important I'm missing to protect myself, and are those legal agreements simple enough to set up via a service (or for cheap with a lawyer)?
I'm assuming yes/this is all pretty straightforward, but I figured this is a good place to ask about any sharp edges/experiences.
Which country is your company based in? And which countries are you selling your services to?
Legal/tax things are always different in every country. B2C also makes things a lot more complicated. Overall, lots of sharp edges to look out for.
Company is an LLC registered in Austin TX, and am expecting mostly US customers. But I’d ideally like to support as many countries as is feasible.
Do you know of any books or guides that outline those sharp edges? Or is it too business dependent/am I going to need to consult with someone? If so, where do you think I should go to get credible advice?