Running a RSPS

[iBuyStoof]

I have questions about the legal factors of running a rsps.

Are they technically legal?
Is the server my property?
Do I have to pay taxes on revenue?
Has anyone ever gotten their paypal account suspended for accepting donations?
I have a talented coder, capital, and i myself am good at marketing/promoting/managing, do I need any other resources?

 

[iBuyStoof]

Bump more questions posted in the op

 

[strong ilan]

Are they technically legal?yes
Is the server my property? idk
Do I have to pay taxes on revenue? pretty sure u dont
Has anyone ever gotten their paypal account suspended for accepting donations? no.
I have a talented coder, capital, and i myself am good at marketing/promoting/managing, do I need any other resources?A graphic designer maybe

 

[iBuyStoof]

Are they technically legal?yes
Is the server my property? idk
Do I have to pay taxes on revenue? pretty sure u dont
Has anyone ever gotten their paypal account suspended for accepting donations? no.
I have a talented coder, capital, and i myself am good at marketing/promoting/managing, do I need any other resources?A graphic designer maybe

Thank you very much for getting back to me! My coder is also a talented graphic designer so I have that as well.

Would still like for someone to answer the legal questions - I may just go speak to my accountant about it.

 

[iBuyStoof]

bump
Would also like to know from someone with experience:
What are some major obstacles you ran into on your path to creating a successful rsps?

 

bump
Would also like to know from someone with experience:
What are some major obstacles you ran into on your path to creating a successful rsps?

You have to spend A LOT of advertising. It's hard to maintain loyal/active players

 

[Shop4RS]

The key thing I found you should establish a small player base of around 20-30 before buying lots of advertising. If you advertise when you have a low player base your name gets out there but people will join then get bored leave and quit.
Make sure you start with little overhead so that if it doesn't work you haven't lost much money.
Final thing is do it because you enjoy RSPS don't do it for money like so many servers these days.

 

You are meant to pay taxes on any revenue