When did you know it was time to move your photography from hobby to a business?
Why so serious?
CatherineW wrote: I live in Fresno California and you CANT set up a LLC here for a few hundred dollars. Our state wants to tax the heck out of us!
"www.legalzoom.com/knowledge/limited-liab.../llc-operating-costs
- California: A $20 reporting fee and a statement of information are required 90 days after formation and then every two years. An annual $800 LLC tax is due 75 days after formation and every year thereafter. There is a minimum annual fee of $865 if the LLC's net income exceeds $250,000."
The state needs to pay for all the illegals some how.
Gary is right on a setting up a sole proprietorship. It's as simple as a DBA, a bank account, and tax filings. Running the business successfully, though, is a whole other story.
Joslyn wrote: A lot to process, thank you.
Let me ask this, are there other than some state fee's, any other negatives I should know about having your own business?
More taxes , insurance and liabilities than you can imagine. You need to do your homework in your state of residence. I operated in California years ago when the leadership was still sane. I left there in 1985 and only miss the coast and Yosemite......
Why so serious?
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