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Shooting non-repeatable events: weddings, recitals, plays, performances...


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Old July 23rd, 2007, 08:14 PM   #1
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What kind of business do you register as to get the best benefits?

I'm trying to get a lot of tax deductions for the equipment I buy and list them as business expenses. I know the tax laws are much better for business owners than freelance artists. I was thinking of doing the Limited Liability Company (LLC). Anyone got any suggestions? (I live in Virginia, USA)
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Old July 23rd, 2007, 10:23 PM   #2
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talk to a lawyer and an accountant. They know far more than we do about stuff like that.

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Old July 23rd, 2007, 10:54 PM   #3
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Quote:
Originally Posted by Trent Watts View Post
I'm trying to get a lot of tax deductions for the equipment I buy and list them as business expenses. I know the tax laws are much better for business owners than freelance artists. I was thinking of doing the Limited Liability Company (LLC). Anyone got any suggestions? (I live in Virginia, USA)
A freelance artist is a business owner.
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Old July 24th, 2007, 07:13 AM   #4
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My accountant had me register as an LLC over incorporating. He explained it was a little more beneficial for me, but I think it depends on your personal situation. Other jobs, spouses income and so on when filing your taxes.

I'm not sure of the exact reasons, that's why I have a trusted accountant.
VERY IMPORTANT. My expertise is video production, that's why I hire someone who knows the tax laws and benefits, well worth the $$$.
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