★ TouchArcade needs your help. Click here to support us on Patreon.

company dev account questions

01-29-2012, 03:00 AM
#1
Joined: Jun 2010
Location: Washington, DC
Posts: 26
company dev account questions

Hey everyone. Two questions. Please excuse me if they have been asked before, I didn't see them in the forums.

1. has anyone converted their dev account from "individual" to "company"? my partners don't necessarily want to form a company to list our games under until maybe we see some success with our first release.

2. is forming an LLC enough to get a company dev account?

basically we are trying to avoid selling our games under one of our names.

Thanks!
01-29-2012, 04:30 AM
#2
Joined: Dec 2010
Location: Outer Space
Posts: 411
never tried the 1st one

2nd one - yes thats enough
01-29-2012, 02:26 PM
#3
Joined: Jan 2012
Posts: 440
Quote:
Originally Posted by bishopia View Post
Hey everyone. Two questions. Please excuse me if they have been asked before, I didn't see them in the forums.

1. has anyone converted their dev account from "individual" to "company"? my partners don't necessarily want to form a company to list our games under until maybe we see some success with our first release.

2. is forming an LLC enough to get a company dev account?

basically we are trying to avoid selling our games under one of our names.

Thanks!
You can't switch accounts. You must create a new one.
01-30-2012, 08:51 AM
#4
Note that you can still show up as "Acme Games" or whatever name you want in iTunes even with an individual developer account. One of your names will have to appear as the 'seller' though, and it is that person / entity who takes full legal responsibility.

The most suitable way if you hope to grow into a brand is probably to create an LLC, as by definition the company is then the legal entity with limited liability, which means your own money / house etc. is never at risk if you ever get sued eg. by a patent troll or something.

I created a Ltd company mainly to start to build my chosen brand name and to appear more professional. It also helps to keep the company accounts separate, which is easier when it comes to the tax return deadline (note to self: this is tomorrow!)

Apps: Lead Wars (TA Thread) | Super Grav (TA Thread)
DemonStudios Ltd | Indie Game Dev
www.demonstudios.com
Follow: Facebook | Twitter
01-30-2012, 01:58 PM
#5
Joined: Jan 2009
Location: App Tech Studios, USA
Posts: 1,363
Quote:
Originally Posted by bishopia View Post
1. has anyone converted their dev account from "individual" to "company"? my partners don't necessarily want to form a company to list our games under until maybe we see some success with our first release.
Quote:
Originally Posted by Everplay View Post
You can't switch accounts. You must create a new one.
Actually, it is possible to convert an individual account to a company account. I just completed the process recently
01-31-2012, 10:00 AM
#6
Joined: Jun 2010
Location: Washington, DC
Posts: 26
Quote:
Originally Posted by DemonJim View Post
Note that you can still show up as "Acme Games" or whatever name you want in iTunes even with an individual developer account. One of your names will have to appear as the 'seller' though, and it is that person / entity who takes full legal responsibility.
Interesting. I didn't think that was true.

Thanks for the posts. Looks like we need to go LLC.

SAMURAI DUEL: NOW AVAILABLE FOR IPAD!
http://fancyladsacademy.com