Episode description
Are you ready to evolve your photography passion into a business? This episode guides you through the basics of setting up a photography enterprise. We illuminate the process of creating and registering your business, placing special emphasis on the advantages of launching as an LLC. You'll gain insights into protecting your personal assets, savoring tax benefits and the pitfalls that could potentially endanger your personal assets.
Imagine a world where your photography business is not just a hobby, but a full-fledged professional venture. Let's take a trip into that world, examining the importance of a distinctive business name, the process of securing an EIN number, and how to obtain necessary permits or licenses. We'll also introduce you to a secret weapon - Client Relationship Management (CRM) software. I'll share my experience to help you choose the best fit for your business. Discover how automation can revolutionize your operations, boosting productivity and providing more time to focus on your passion.
The grand finale of our journey delves into the realm of tax deductions - a crucial aspect for any successful business. Learn about record keeping, staying updated with tax laws and the expenses you can deduct. And remember, treating your photography venture with the seriousness it deserves goes a long way in ensuring your success. From proper registration and business structuring to utilizing readily available tools, this episode is packed with valuable insights to elevate your photography from hobby to business.
Questions or Comments? Reach out at MariaB@CluedUpBTS.com and I'll be in touch* directly or address your comment on the podcast.
*By submitting a question or statement, you agree that your submission can be discussed publicly on the podcast, website, or other platforms owned by or affiliated with CluedUpBTS and its parent company, HeadshotNJ, and affiliate company Maria B Photography Studio. while retaining your anonymity.