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Photography Business
Selling Photo's on Sites like Smug Mug
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<blockquote data-quote="RocketCowboy" data-source="post: 367213" data-attributes="member: 25095"><p>Registering the business (DBA) is pretty cheap. I think it's $35 for 10 years, but I did mine through Dallas Co instead of Collin (since I'm living in Dallas Co now). With that, I was able to get a federal tax ID number for the business (cost nothing), and set up a business banking account (again, cost nothing).</p><p></p><p>This is all done as a sole proprietor, so taxes/income are all filed on our personal taxes.</p><p></p><p>Most of the advise we've gotten is to start small and just do the sole proprietor thing for now. If either business gets going to scale, then we can reevaluate and do the LLC option if needed. I would still invest in general liability insurance regardless, in case the business side of things gets sued for any reason.</p></blockquote><p></p>
[QUOTE="RocketCowboy, post: 367213, member: 25095"] Registering the business (DBA) is pretty cheap. I think it's $35 for 10 years, but I did mine through Dallas Co instead of Collin (since I'm living in Dallas Co now). With that, I was able to get a federal tax ID number for the business (cost nothing), and set up a business banking account (again, cost nothing). This is all done as a sole proprietor, so taxes/income are all filed on our personal taxes. Most of the advise we've gotten is to start small and just do the sole proprietor thing for now. If either business gets going to scale, then we can reevaluate and do the LLC option if needed. I would still invest in general liability insurance regardless, in case the business side of things gets sued for any reason. [/QUOTE]
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