When should I go from hobbyist business owner to LLC owner?
If you are traveling for photo jobs more than twice a week, driving to meet clients, picking up supplies or buying ANYTHING for your business- you could potentially missing out on tax benefits PLUS higher ticket clients whose venue requires liability insurance and licensing.
You could be writing off gear that you are already paying for as a hobbyist- plus missing out on bigger jobs- but what is the catch?
In the state of Virginia, it’s only $100 to get your LLC paperwork done online, plus only $50 at your local city hall to start your city business license.
What other things will help you run your business? We love using quickbooks for all our invoicing and mileage tracking!
See more about becoming a licensed business in VA with this helpful blog: