Hey, sorry for the delay in responding.
I'm not a tax expert/accountant but for me in the UK I set up a LTD company and had all the apps running through that.
Off the top of my head, here are the pros and cons of setting up a LLC or Limited company:
Benefits
- Limited liability in the unlikely event someone sues or my apps had caused someone loss of income
- Easier to sell and exit via an asset sale
- Easier to manage accounting and taxes by keeping personal finances separate from business finances
- Simplified tax management by paying corporation tax on business profits and personal income tax on salary
Drawbacks
- Increased admin responsibilities such as filing annual accounts and VAT returns.
- Slightly higher start-up costs compared to operating as a sole trader or partnership
- LTD company profits are subject to corporation tax, which can be higher than income tax for sole traders or partnerships.