|
|
j100taylor Inner circle 1198 Posts |
For those of you who work closeup at restaurants, bars, hospitality suites etc. how are you organized legally? e.g. sole proprietor, LLC etc. Do you have insurance (see http://www.themagiccafe.com/forums/viewt......rum=5&47 for why I ask). I want to start working and write off what I spent on magic this year...
Lakewood, Ohio
|
Close.Up.Dave Inner circle Behind you! 2956 Posts |
Most states have seminars that you can attend to learn how to go about setting up your business. You could probably find more information on http://www.sba.gov
I attended a local seminar (it was like an hour or two), and got all of the information I needed. |
Jim Snack Inner circle 1338 Posts |
When starting out, it makes sense to organize your business as a sole proprietor. It is simple. Keep track of your expenses and income in an accounting program, so you will have your records when filing taxes. Then you file a schedule C with your federal return.
I suggest you talk to an accountant and read some basic tax books for small businesses. By all means, attend any small business start up seminars your can find in your area. For liability insurance, check out http://www.specialtyinsuranceagency.com/ Best wishes. Jim |
Ed_Millis Inner circle Yuma, AZ 2292 Posts |
I looked into Specialty and others. There was someone else (H&K maybe??) that was essentially the same coverage, but ran for a full year based on when you enrolled (vice April to April, regardless of when you enrolled). Having to cough up near a full year's fee for just a few months turned me off their business model. I'm sure they're good, but I either have to have a double fee laying around handy, or wait until April 26 to open for business.
Ed |
The Magic Cafe Forum Index » » Tricky business » » Making it Legal (0 Likes) |
[ Top of Page ] |
All content & postings Copyright © 2001-2024 Steve Brooks. All Rights Reserved. This page was created in 0.01 seconds requiring 5 database queries. |
The views and comments expressed on The Magic Café are not necessarily those of The Magic Café, Steve Brooks, or Steve Brooks Magic. > Privacy Statement < |