Thanks for all the replies. I think the consensus is that I'm on track. It's actually cheaper to register an LLC in Deleware than it is in my home state of VA,

Thanks for all the replies. I think the consensus is that I'm on track. It's actually cheaper to register an LLC in Deleware than it is in my home state of VA, so I'll look at that. I am aware that I will have to keep all the paperwork, hold an annual meeting (even if it is with myself) and everything else to make sure it's established as an entity. Besides personal liability, finances are another issue. The main thing I want to do though is when I sign up for services like ad.ly, bing advertising and even Google adsense, all the money goes into an account other than my personal one. That way I can also track how much money I'm really bringing in. Using it for personal consulting would be very helpful as well. This also means I can transfer my domains to that entity as well. The separation of finances is something that I think will be very helpful. I'm currently on a 3 year plan I created to get rid of a lot of my own debt, so separating business finances will be helpful. Also, at this stage I'd like to make sure everything the projects make go back into project so that hopefully one of them does turn out to be a profitable venture.