The confirmation came from the Steam support staff earlier this month when Resetera forum user delete12345 asked Steam support if he can put his Steam library in...
As others have pointed out - costs a few bucks annually,and requires beneficial ownership report (free IIRC).
Otherwise, it’s a tried and true tactic to pass businesses down through generations. An LLC vs. a corp vs a trust is a convo to have w/ lawyer barred in your state but the general premise is vaguely sane.
Tldr: Don’t do this unless you have a business that requires a steam account for tax purposes. It doesn’t need to be successful but it does need to be real.
Trusts are probably a better option for this sort of thing than a LLC.
I kind of want one anyway. Is there a real reason I shouldn’t do this?
Disclaimer this was a joke I’m not a lawyer and I have no idea if this would actually work… 😆
Would be hilarious if it actually does and everyone starts doing it…
“Your honor, ‘bonerdragon6969420 llc’ has a long and industrious history…”
I am now curious how and if Steam bothers to deal with business licensing? If they do, it’s probably way pricier than what you’re normally paying.
deleted by creator
As others have pointed out - costs a few bucks annually,and requires beneficial ownership report (free IIRC).
Otherwise, it’s a tried and true tactic to pass businesses down through generations. An LLC vs. a corp vs a trust is a convo to have w/ lawyer barred in your state but the general premise is vaguely sane.
Personal use of business assets is generally frowned upon by the IRS.
That’s why I’ll only play during work hours.
Tldr: Don’t do this unless you have a business that requires a steam account for tax purposes. It doesn’t need to be successful but it does need to be real.
Trusts are probably a better option for this sort of thing than a LLC.
Just do benchmark videos on youtube or something. Then rake in the sweet, sweet business losses.
Completely depends on your country