Approve the Cookies
This website uses cookies to improve your user experience. By using this site, you agree to our use of cookies. Read More.
OK
Index  •   • New posts  •   • RTAT  •   • 'Best of'  •   • Gallery  •   • Gear  •   • Reviews
New posts  •   • RTAT  •   • 'Best of'  •   • Gallery  •   • Gear  •   • Reviews
Register to forums    Log in

 
FORUMS Post Processing, Marketing & Presenting Photos The Business of Photography
Thread started 17 Jun 2008 (Tuesday) 14:00
Prev/next
sponsored links
(this ad will go away when you log in as registered member)

Type of license?

 
tweenkal
Mostly Lurking
16 posts
Joined Jun 2007
VA
Jun 17, 2008 14:00 |  #1

2 people, unrelated, 1 business...

What type of business license do we get?




LOG IN TO REPLY
sponsored links
(this ad will go away when you log in as registered member)
cory1848
Goldmember
cory1848's Avatar
1,876 posts
Joined Nov 2007
Kissimmee, FL
Jun 17, 2008 14:39 |  #2

Could go with a general partnership, basically the same thing as a SP...not much protection from anything, but its legit and good tax write offs... next up would LLC....


Gear List
"Those are some mighty fine pots and pans you have, they must make a great dinner!

LOG IN TO REPLY
bwolford
Goldmember
bwolford's Avatar
3,705 posts
Joined Aug 2006
Tampa, Florida
Jun 17, 2008 15:41 as a reply to cory1848's post |  #3

This is a business structure issue, not a license issue. At least in my part of the world.


Brice
Gear List
Sample Galleryexternal linkhttp://thewolfords.com​/2007XmasProofsexternal link

LOG IN TO REPLY
cory1848
Goldmember
cory1848's Avatar
1,876 posts
Joined Nov 2007
Kissimmee, FL
Jun 17, 2008 15:44 |  #4

bwolford wrote in post #5739785external link
This is a business structure issue, not a license issue. At least in my part of the world.

I was assuming the OP meant structure...to get a license, its just an occupational license that you can get at your local city or county government.


Gear List
"Those are some mighty fine pots and pans you have, they must make a great dinner!

LOG IN TO REPLY
tweenkal
THREAD ­ STARTER
Mostly Lurking
16 posts
Joined Jun 2007
VA
Jun 18, 2008 09:44 |  #5

cory1848 wrote in post #5739808external link
I was assuming the OP meant structure...to get a license, its just an occupational license that you can get at your local city or county government.

That is exactly what I mean. Thank you.




LOG IN TO REPLY
PhotosGuy
Moderator
PhotosGuy's Avatar
72,791 posts
Gallery: 3 photos
Joined Feb 2004
Middle of Michigan
Jun 18, 2008 10:21 |  #6

I'd be inclined to get individual licenses & operate under the same roof, but that's just me & I don't know what the relative tax advantages would be.
This is really why you should get professional advice.


FrankC - 20D, RAW, Manual everything...
Classic Carz, Racing, Air Show, Flowers.
Find the light... A few Car Lighting Tips, and MOVE YOUR FEET!
Have you thought about making your own book? // Need an exposure crutch?
New Image Size Limits: Image must not exceed 1280 pixels on any side.

LOG IN TO REPLY
tweenkal
THREAD ­ STARTER
Mostly Lurking
16 posts
Joined Jun 2007
VA
Jun 18, 2008 12:49 |  #7

PhotosGuy wrote in post #5745225external link
I'd be inclined to get individual licenses & operate under the same roof, but that's just me & I don't know what the relative tax advantages would be.
This is really why you should get professional advice.

I realize how stupid this sounds...but who do I talk to? A lawyer? Is that the professional advice you recommend? Or another person well versed in business/tax ventures? I'm completely lost in this.

With the way you suggested, getting 2 individual licenses, would one of those licenses be in the business name, and the other set up as a random name? Or would there essentially be 3 licenses, 2 individual and then 1 joint?

Did I mention I was confused?




LOG IN TO REPLY
tracknut
Goldmember
tracknut's Avatar
1,740 posts
Joined Jun 2005
Folsom, California
Jun 18, 2008 14:37 |  #8

In my experience, a CPA is the right person to talk to regarding such things. He will be able to explain the differences (basically in a partnership, a LLC or a corporation) as far as the tax advantages of each. The legal ramifications of each may also be an issue, but much of that may be secondary to the tax/income component. For that, you may want to engage a lawyer.

A business license is required for an entity to do business. You probably have two options: 1) Each of you is in business alone, and you just share referals etc, or 2) you are in business together, as partners. So in the first case it's two biz licenses, in the second case it's one biz license. But the whole biz license thing is the teeniest part of this discussion, and should be the last thing you're worrying about, not the first.

Figure out how you two are going to structure your business (probably with a CPA's help), then create the business (hiring a lawyer if need be, but much of that could be done simply by filling out the relevant state paperwork yourself), and last of all get a business license, a bank account, etc.

Dave


Performance/sport dog photographerexternal link
Facebookexternal link
"Always available to shoot your dog"

LOG IN TO REPLY
PhotosGuy
Moderator
PhotosGuy's Avatar
72,791 posts
Gallery: 3 photos
Joined Feb 2004
Middle of Michigan
Jun 19, 2008 09:12 |  #9

Dave has good advice.
The reason I suggested having your own license is I'm looking down the road when you've established your own clients & may have a parting of the ways. It just makes it easier to go out on your own without any fighting over who gets the name, & who gets this & that.
Even marriage is only 50% successful! ;)


FrankC - 20D, RAW, Manual everything...
Classic Carz, Racing, Air Show, Flowers.
Find the light... A few Car Lighting Tips, and MOVE YOUR FEET!
Have you thought about making your own book? // Need an exposure crutch?
New Image Size Limits: Image must not exceed 1280 pixels on any side.

LOG IN TO REPLY
cory1848
Goldmember
cory1848's Avatar
1,876 posts
Joined Nov 2007
Kissimmee, FL
Jun 19, 2008 17:25 |  #10

PhotosGuy wrote in post #5751827external link
Dave has good advice.
The reason I suggested having your own license is I'm looking down the road when you've established your own clients & may have a parting of the ways. It just makes it easier to go out on your own without any fighting over who gets the name, & who gets this & that.
Even marriage is only 50% successful! ;)

Only problem with this, is when is comes to advertising...Who do I make the check out to? That can get really confusing to clients... I previously had a general partnership and it worked out well. We split all expenses and kept the profits seperate. It wasnt a photo biz though. I will soon be forming an LLC once work picks up.


Gear List
"Those are some mighty fine pots and pans you have, they must make a great dinner!

LOG IN TO REPLY
DDCSD
GIVIN' GOOD KARMA
DDCSD's Avatar
13,313 posts
Joined Jun 2007
South Dakota
Jun 19, 2008 18:11 |  #11

The only ship that won't sail is a partnership....

Where are you located at specifically?

Likely all you need is a sales tax license. You should call your city information desk. They can tell you who you need to talk to.


Virginia has a great website with a ton of info on starting a small business.
http://www.dba.virgini​a.gov/smdev/external link

Check out the Busniess Launchpad:
http://www.dba.virgini​a.gov/smdev/launchpad/external link


Derek
Bucketman Karma Fund
http://photography-on-the.net ...php?p=9903477#post9​903477
POTN FF L2 MadTown Birds


Full Gear List & Feedback

LOG IN TO REPLY
DDCSD
GIVIN' GOOD KARMA
DDCSD's Avatar
13,313 posts
Joined Jun 2007
South Dakota
Jun 19, 2008 18:13 |  #12

cory1848 wrote in post #5754684external link
Only problem with this, is when is comes to advertising...Who do I make the check out to?

Whomever you are advertising with? I don't understand your question?


Derek
Bucketman Karma Fund
http://photography-on-the.net ...php?p=9903477#post9​903477
POTN FF L2 MadTown Birds


Full Gear List & Feedback

LOG IN TO REPLY
PhotosGuy
Moderator
PhotosGuy's Avatar
72,791 posts
Gallery: 3 photos
Joined Feb 2004
Middle of Michigan
Jun 19, 2008 22:04 |  #13

Whomever you are advertising with? I don't understand your question?

I don't get it either.


FrankC - 20D, RAW, Manual everything...
Classic Carz, Racing, Air Show, Flowers.
Find the light... A few Car Lighting Tips, and MOVE YOUR FEET!
Have you thought about making your own book? // Need an exposure crutch?
New Image Size Limits: Image must not exceed 1280 pixels on any side.

LOG IN TO REPLY
Tigershark
Senior Member
904 posts
Joined May 2008
KY
Jun 20, 2008 09:19 as a reply to PhotosGuy's post |  #14

contact your Secretary of State's office, they have staff that will walk you through the steps of setting up an LLC or anything you want to do and they don't charge you. Then talk to an account before filling out all the paperwork to answer specific questions good luck




LOG IN TO REPLY
tweenkal
THREAD ­ STARTER
Mostly Lurking
16 posts
Joined Jun 2007
VA
Jun 20, 2008 09:27 |  #15

DDCSD wrote in post #5754914external link
The only ship that won't sail is a partnership....

Where are you located at specifically?

Likely all you need is a sales tax license. You should call your city information desk. They can tell you who you need to talk to.


Virginia has a great website with a ton of info on starting a small business.
http://www.dba.virgini​a.gov/smdev/external link

Check out the Busniess Launchpad:
http://www.dba.virgini​a.gov/smdev/launchpad/external link

I'm in the VA Beach area.

Hmmm...so just a sales tax license possibly and not actually a business operating license? I hadn't thought of that. I will call the city today and speak to them about it.

Thanks for the links. I've been one the VA Small Business one quite a bit and you're right - it's a wealth of information. I'm still just having a hard time deciding what to do. It would have been so much easier if I had just done this on my own...which I really wish I had done. I feel stuck now. :(

I wondered the same thing too, about the individual licenses. How do we set up the business bank account if we don't have a joint business license? Clients would be paying someone different every time, and that doesn't seem very professional. We would want them to pay 1 "account" (for lack of a better term). How would that work?

Sorry if I am asking really stupid questions. I'm just trying to understand all of this.

This is a lot of work just to take pictures! :P




LOG IN TO REPLY
sponsored links
(this ad will go away when you log in as registered member)

1,256 views & 0 likes for this thread
Type of license?
FORUMS Post Processing, Marketing & Presenting Photos The Business of Photography


Not a member yet? Click here to register to the forums.
Registered members get all the features: search, following threads, own gear list and ratings, likes, more forums, private messaging, thread follow, notifications, own gallery, settings, view hosted photos, own reviews and more...


AAA

Send feedback to staff    •   Jump to forum...    •   Rules    •   Index    •   New posts    •   RTAT    •   'Best of'    •   Gallery    •   Gear    •   Reviews    •   Polls

COOKIES DISCLAIMER: This website uses cookies to improve your user experience. By using this site, you agree to our use of cookies. Privacy policy and cookie usage info.

POWERED BY AMASS 1.4version 1.4
made in Finland
by Pekka Saarinen
for photography-on-the.net
Spent 0.00195 for 4 database queries.
PAGE COMPLETED IN 0.02s
Latest registered member is jackierose22
615 guests, 447 members online
Simultaneous users record so far is 6106, that happened on Jun 09, 2016