Business Organization Basics
You want to keep a close eye on everything that impacts the financial side of business. After all, finances determine whether or not you can continue in the career you love! Choosing the correct business entity type can have an enormous impact on the amount and type of taxes you pay, as well as other legal and financial ramifications.
Yes, you may already be operating your photography business. However, you may still benefit from changing to a different business structure. Your tax and legal advisors can help you make the best decision, based upon your financial situation, the size and type of business you are starting, as well as other financial and legal factors.
Annual Projection template
Build your yearly financial projections with a little help from this template (MS Excel document).
Chart of accounts: new QB
This document helps explain how to set up a good Chart of Accounts, keeping you more organized. It is especially good for a new QuickBooks user. (Quickbooks .IIF file)
So you're thinking of starting a business...
Do you have what it takes to start up a new business? Although you already have the expertise to be a professional photographer, do you have everything you need as a new business owner? Take a look the list below to be sure that you have considered what you must do or have in order to own and operate a successful new business.
