My brother and I are creating an on-line magazine called Elegant Lich.
Our plan is to publish science fiction and fantasy stories. You can read our planning blog here: https://blog.elegantlich.com/
We spent some time looking into creating an Illinois LLC, but are currently leaning against that idea. It would be a lot of work to get it all done and to keep the paperwork right going forward. And although (in Illinois) it wouldn’t be too terribly expensive, it would still cost a large fraction of the cost of putting out an issue of the magazine. So instead we’re thinking we just won’t call it a business, but rather just a hobby. There are some things we wouldn’t want to do if it’s just a hobby (such as sell stuff), but it’ll save us time, money, and trouble.
Our tentative cover art is by Hermann Paul, who did this woodcut as well:
Source: https://commons.wikimedia.org/w/index.php?curid=197103640