Saturday, February 5, 2011

Setting up LLC For Photography Business

An LLC gives the photographer liability shield against litigation. This will protect the photographer and their personal assets in the event that a misunderstanding or snafu arises.

Filing the forms

LLC; Single Member; One member; Taxed as a sole proprietorship; perpetual existence; purpose:all purpose; initial members:self

Note: I reserve the right to admit new members" new members allowed; LLC managed by members

Apply for tax ID, (All LLCs must have a tax ID number)

Initial investment: Paid-I Capitol
Initial Indebtness:
Proposed Bank:
Fiscal Year: January of each year
Insurance:

First member meeting:
Annual member member:

Operating Agreement

Agreement Release:
Liability: The photographer
Liability limited to the return of any monies collected

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