Kim Hartz Consulting

BUILD YOUR BRAND. ATTRACT DREAM CLIENTS.

  • Home
  • About Kim
  • Work with Me
  • Programs
  • Free Resources
  • Podcast & Blog
  • Contact

How to Structure your Photography Business

How to structure your photography business

July 14, 2016 by Kimberly Hartz Leave a Comment

When starting your photography business, it is important to set yourself up properly from the start.  So, what are your options?  You could be a sole proprietor, limited liability corporation (LLC), or a corporation.   The type of business you want to run along with the investment you are putting forward, will help to determine what type of structure you choose for your own photography business.  Each has their own pros and cons, so let’s go over the differences.

Sole Proprietor:

This is often the most popular choice as it incurs a minor monetary investment.  Most times all you need is a DBA (“doing business as”) certificate with your state or county.  Although the ease of starting this way is a great trade off, sole proprietors are not offered liability protection.  What this means is that your personal assets are not protected and kept separate from your business assets.

Limited Liability Corporation (LLC):

This type of business has a higher monetary investment initially, but it can provide liability protection.  However, this is no guarantee, so you still want to have liability insurance for your business.  What this means is that your personal assets are protected as they are deemed to be separate from your business assets.  An LLC is a great option if you have personal assets you want to protect.

Corporation:

Corporations are an option as well, but they have more cost associated on the back end than a sole proprietor or an LLC.  There are also S Corps.  As an S Corp, you can potentially avoid double taxation by electing to be treated as an S Corp.

That is a quick run down of the different business structures you can choose for your small business.  I am personally set up as an LLC.  If you have any questions please let me know.  My goal is to help educate you so you can be successful in your own photography business, so please let me know if you have any questions or need help!  You can reach me at kim@kimhartz.com

Want free business help??
____________________________
Access my free Resource Library now to grab all my worksheets
YOUR NAME:
YOUR EMAIL:

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)

Related

How to Structure your Photography Business

Filed Under: Business Tagged With: photography business, starting a business, structuring your photography business

You might also like

  • podcast, mini sessions, marketing, business tipsEpisode 025: Mini Sessions for Marketing?
  • podcast, through the business lens, sales taxEpisode 016: Don’t Forget Your Sales Tax!
  • podcast, through the business lens, sales strategyEpisode #015: Your sales session: how to create a strategy so you don’t have to be pushy or salesy to sell your work

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

  • Choosing a Photography Lab
  • Key Business Tips for Photographers
  • Tips for In Person Sales Sessions
  • Scouting for a Location Session
  • Defining Success
Kim Hartz Consulting

Join me on Instagram

Privacy T&Cs Refund Policy Website by EJC
  • Home
  • About Kim
  • Work with Me
  • Programs
  • Free Resources
  • Podcast & Blog
  • Contact
Photographer Burnout is REAL!
____________________________
Learn how to get booked out without feeling burnt out and create a photography business that gives you freedom, not frustration.
YOUR NAME:
YOUR EMAIL:
Want free business help??
____________________________
Access my free Resource Library now to grab all my worksheets
YOUR NAME:
YOUR EMAIL:
How about some free business help?
____________________________
Sign up to access my free resource library and get access to free worksheets, cheatsheets and workbooks!
YOUR NAME:
YOUR EMAIL:
How about some free business help?
____________________________
Sign up to receive a copy of my 5 Simple Steps to Raise your Prices & Attract your Ideal Client
YOUR NAME:
YOUR EMAIL: