I wanted to understand how the domain business works in real practice: with real rules, real numbers, real paperwork and, eventually, real sales.
So I decided to do everything properly.
- I took a course on domain names with, in my opinion, the best teacher in France in this field.
- I chose an all-in-one company to help me create the business and handle its accounting.
- I received the documents confirming that my company was officially registered.
- According to my little business timeline, the next logical step was obvious: buy and sell the first domain through the company.
Perfect.
Except for one tiny detail. 😄
The company was registered in July.
My dedicated accountant will only be assigned sometime in September. 🫣
Meanwhile, I have a company and I’m ready to start… I just don’t yet know how to properly handle the purchase and sale of my first domain from an accounting point of view.
And by “properly”, I mean step by step:
Which documents should I keep?
Which ones should I create or complete?
How should each transaction be recorded?
What exactly should I send to the accountant?
And that’s before we even get to tax returns, reporting obligations, deadlines or penalties.
Then comes an even bigger question in France:
If something is done incorrectly, who is actually responsible for what — the company director, the accountant, or both?
For a first transaction, I’m not looking for advanced accounting theory.
I just want a clear checklist:
Buy a domain → keep these documents → record it this way.
Sell a domain → issue these documents → record it this way.
That would already be a very good start. 🙂
After all, September is still a little way off…
and I’m here now.
“By failing to prepare, you are preparing to fail.”
— Benjamin Franklin
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