I have a rather unique, yet not original idea, and I am looking for information on the business / legalities side. I have developped a site for online gamers. This site will pay players who win the season and tournaments. Here's the basics: - I am located in Canada. Most players will be in USA, and some overseas, mainly Europe - 2 divisions, 1 Pro, 1 amature. - Pro players pay $20 US to sign-up - Amature free signup - Top 5 pro teams split a pot size of roughly $2,000 - About $150 - $200/player for top prizes - Top Amature team wins a small cash prize & admittance to Pro the next season - Revenue is generated from ads & players paying to join/play ever season Questions: - When paying players - What do I have to worry about tax wise? What other legalities are required? - When paying myself, what's involved? Essentially it'd be great to put 80% back into the community for prizes and pocket 20%, but I'm sure there's something more that needs to be done. Guidance? Advice?