Business plan for online dating service


01-May-2016 12:25

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The following checklist is intended as a starting point for legal compliance pertaining to the operation of an online dating site.

This checklist is not intended to substitute for competent legal advice, and the operator is strongly encouraged to consult with the site’s business attorney when utilizing this checklist in any way.

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When done right, these sites can be lucrative and require minimal effort to maintain.One of the awesome aspects of my job is that I get to regularly interact with online daters, people within the online dating industry, and people thinking of starting an online dating service.Of course, when someone approaches me about wanting to start an online dating service, I first direct them to my debut Inside the Online Dating Industry column - Back to Reality. I had the opportunity yesterday to interact with someone via email who is looking to start a new online dating service. And it was a positive response, despite our estimation that 99% of new online dating services fail.Many singles have even found spouses through Internet dating services.

Online dating has become one of the leading Internet businesses with a high success rate of not only providing people with relationship matches, but a good return on the investment for the creator of the site.

Various options exist for incorporation, including Subchapter “S” or “C” Corporations, Limited Liability Companies (LLC’s), Limited Liability Partnerships (LLP’s), trusts, etc.