Professional photographers love having a camera in their hands. They also love the idea that they can make a living doing what they love. But most professional photographers do not have an accounting or law degree. That’s why photographers need a business pro on their team. Being a great photographer is challenging, but being a great photographer who’s running a profitable, healthy business can be daunting! And here’s how a business pro can help photographers:
What’s the Best Business Structure?
There are many items to consider when growing a business. The first to consider is what type of business entity should be set up. Should you be a sole-proprietor? What is a Limited Liability Company (LLC)? What are the advantages and disadvantages of incorporating? If you incorporate, should you file as a C-Corporation or an S- Corporation?
The right advisors can answer these questions and help it make sense to you.A sole-proprietorship is