Hello,
I am starting up my own photography business - specializing in artisitic photographs & stock photography - I won't be doing portraiture just yet (I anticipate I will start doing portraiture roughly 1 year from now). I am in the process of deciding if I should form a LLC, Inc, or a Sole Proprietorship. I understand that a LLC and Inc can safeguard against potential unforseen legal/financial issues (so as to not interefere with my personal assets), but since it will be only myself working (no employees and no partners) I'm still unsure which option is the best for my new business? I really do not want to keep meeting minutes (which I assume rules out an Inc), but I want to essentially "cross all my t's and dot all my i's" to ensure I abide by all laws and make a sound decision for my new venture.
I appreciate any advice or assistance you can provide.
thank you!!!!
I am starting up my own photography business - specializing in artisitic photographs & stock photography - I won't be doing portraiture just yet (I anticipate I will start doing portraiture roughly 1 year from now). I am in the process of deciding if I should form a LLC, Inc, or a Sole Proprietorship. I understand that a LLC and Inc can safeguard against potential unforseen legal/financial issues (so as to not interefere with my personal assets), but since it will be only myself working (no employees and no partners) I'm still unsure which option is the best for my new business? I really do not want to keep meeting minutes (which I assume rules out an Inc), but I want to essentially "cross all my t's and dot all my i's" to ensure I abide by all laws and make a sound decision for my new venture.
I appreciate any advice or assistance you can provide.
thank you!!!!