wxnut
TPF Noob!
- Joined
- Sep 9, 2004
- Messages
- 594
- Reaction score
- 7
- Location
- Wisconsin
- Website
- www.dougraflikphotography.com
Do any of you photographers in business have an LLC business? Do you think its smart to have? I am not sure I know exactly how it works but I am guessing its something like this...
I have $5000 worth of photography equip. assets... etc.
I am doing a photoshoot at someone's house using my studio lights. Something goes wrong and my lights start a fire causing $20,000 in damage. They can only sue me for the $5000 my business is worth. Is that right.
Its $130 to apply for an LLC and I think $25 per year after. Is there any other benefits to being an LLC business?
Any info would be appreciated.
Doug Raflik
I have $5000 worth of photography equip. assets... etc.
I am doing a photoshoot at someone's house using my studio lights. Something goes wrong and my lights start a fire causing $20,000 in damage. They can only sue me for the $5000 my business is worth. Is that right.
Its $130 to apply for an LLC and I think $25 per year after. Is there any other benefits to being an LLC business?
Any info would be appreciated.
Doug Raflik