So as someone who makes less than $5000 on my art per year I’m guessing I don’t need to worry about a business license yet? All of this info has been super helpful!
Did this video clarify some things for you? We know the law can be daunting and confusing. Stay tuned for rest of the series. Same guy, different windbreaker jacket.
Super helpful, like seriously, thank you for making this. Currently teaching art full time while trying to start my business on the side because of an influx of commissions. I was very intimidated by starting an LLC but this video calmed my nerves!
@@EasySundayClub Thanks to you, I've taken your advice👍 to niche down and have a focused theme of work so I've started my own cute animals series. I'm on my 7th day. Thanks!
Thank you so much. Just what I needed to know. My talents are Sketch Artist, Poet, Song Writer and Singer. An LLC is what I have in mind. Can I market all of these talents under one business?
This is great! Thank you! So it's time for me to renewal my DBA / Sellers Permit. Some people told me no i didn't need to because I am an LLC now, but while researching, it said if I plan on using my brand without the LLC attached, I needed to renew the DBA. Is that correct? Also, do I need to apply for another Sellers Permit with the LLC now, and cancel the one with the DBA? Thank you! This is so helpful for artists!
One legal entity == one permit but check your state! For example if u have 10 nick names u would only have one driver’s license. Source: www.quora. Be com/Do-I-get-a-sellers-permit-under-my-legal-name-or-a-DBA . Re cancelling and re apply depends on state. Disclaimer: not legal advice :)
I enjoyed this . It was sweet short and to the point. Nam: 'Cathy is the CEO so whatever she say goes'.Lol and "Lawyers are useless; asked Cathy". Thank you guys. Great vid
I read somewhere that you still can do all of the tax write offs as a Proprietorship. Is that correct? Or do you get more and better write offs as a LLC? Also, if I start out as a Proprietorship is it easy for me to change it to an LLC later? Also.... do I have to have a business account for a bank account or can I use a seperate personal account. Lots of questions... I know. Thank you for this video and your channel. I subscribed. :)
I've never had a proprietorship so actually not sure. Only have had an LLC and have worked with an accountant to make sure it was set up correctly to get the proper tax structure for our biz. Would recommend consulting with an accountant and if you feel comfortable with them have them set up your entity to be most beneficial to you. If you want to try out your biz first as a proprietorship before making that investment that is okay too :)
Thanks for this! I do leatherwork on the side and don't make much money yet but I want to protect the name of my business until I get bigger. Is it protected with sole proprietorship or should I do an llc to make sure no one can take that name?
Hi. Great video and advice. I paint here and there for clients but on my free time, I just got a bigger than usual order but the client wants to file a w9 form. It asks me for a Tax ID number but I currently don't have a TAX ID number for my business or an EIN because I usually just file my business taxes together with my personal one. Should I get an LLC and register my business with my state if I am not sure how well my business is going to do?
If ur getting bigger would recommend u consult an accountant to set up ur biz entity to be most beneficial to u from tax perspective. If u are sole proprietor then ur tax id is ur ssn.
hey! what would you recommend two co-artists who are collaborating on lots of work equally position themselves? should they start an LLC as well or work as a partnership first?thaks!
So as someone who makes less than $5000 on my art per year I’m guessing I don’t need to worry about a business license yet?
All of this info has been super helpful!
Great video! Simple and easy to understand for newbies! Thanks so much!!
Did this video clarify some things for you? We know the law can be daunting and confusing. Stay tuned for rest of the series. Same guy, different windbreaker jacket.
Thanks for the info!
: )
Super helpful, like seriously, thank you for making this. Currently teaching art full time while trying to start my business on the side because of an influx of commissions. I was very intimidated by starting an LLC but this video calmed my nerves!
Yes. Ask your accountant to help you out for the tax stuff but will be worth it!
That was insanely helpful! Thank you for all your advice!!!!!!!
Power couple duo! Thank you for the insight and value given to the community.
Hope it helped JK. What art stuff are u up to this week?
@@EasySundayClub Thanks to you, I've taken your advice👍 to niche down and have a focused theme of work so I've started my own cute animals series. I'm on my 7th day. Thanks!
Surreal to hear and exciting! Look fed to seeing your work : )
@@EasySundayClub Thanks! Once I'm done with my series, I'll definitely share my work for you to see💓👍
Thank you so much. Just what I needed to know. My talents are Sketch Artist, Poet, Song Writer and Singer. An LLC is what I have in mind. Can I market all of these talents under one business?
Yes!
@@EasySundayClub Thank you for your reply.
This is great! Thank you! So it's time for me to renewal my DBA / Sellers Permit. Some people told me no i didn't need to because I am an LLC now, but while researching, it said if I plan on using my brand without the LLC attached, I needed to renew the DBA. Is that correct? Also, do I need to apply for another Sellers Permit with the LLC now, and cancel the one with the DBA? Thank you! This is so helpful for artists!
One legal entity == one permit but check your state! For example if u have 10 nick names u would only have one driver’s license. Source: www.quora. Be com/Do-I-get-a-sellers-permit-under-my-legal-name-or-a-DBA . Re cancelling and re apply depends on state. Disclaimer: not legal advice :)
Can't you do sole proprietorship and get insurance?
I enjoyed this . It was sweet short and to the point. Nam: 'Cathy is the CEO so whatever she say goes'.Lol and "Lawyers are useless; asked Cathy". Thank you guys. Great vid
Personal rules i live by Nakeisha: P - Nam
I read somewhere that you still can do all of the tax write offs as a Proprietorship. Is that correct? Or do you get more and better write offs as a LLC? Also, if I start out as a Proprietorship is it easy for me to change it to an LLC later? Also.... do I have to have a business account for a bank account or can I use a seperate personal account. Lots of questions... I know. Thank you for this video and your channel. I subscribed. :)
I've never had a proprietorship so actually not sure. Only have had an LLC and have worked with an accountant to make sure it was set up correctly to get the proper tax structure for our biz. Would recommend consulting with an accountant and if you feel comfortable with them have them set up your entity to be most beneficial to you. If you want to try out your biz first as a proprietorship before making that investment that is okay too :)
Thank you so much. You did a good job explaining about LLC setup.
Thanks for this! I do leatherwork on the side and don't make much money yet but I want to protect the name of my business until I get bigger. Is it protected with sole proprietorship or should I do an llc to make sure no one can take that name?
Check out our trademark video. It goes into your name
Hi. Great video and advice. I paint here and there for clients but on my free time, I just got a bigger than usual order but the client wants to file a w9 form. It asks me for a Tax ID number but I currently don't have a TAX ID number for my business or an EIN because I usually just file my business taxes together with my personal one. Should I get an LLC and register my business with my state if I am not sure how well my business is going to do?
If ur getting bigger would recommend u consult an accountant to set up ur biz entity to be most beneficial to u from tax perspective. If u are sole proprietor then ur tax id is ur ssn.
@@EasySundayClub thank you so much
U da best subscribed!
Bet!
You guys are awesome and good hearted people. Keep it up!!
Thank u for the support and positivity sir!
THANK YOU. I’ve been looking for this info for a week now, glad I finally found it! 🌟
Np, I’m glad you found what you were looking for!
Thank you! This is the first video I found that actually talks about the business side of things!
Glad you found it helpful!
Do sole proprietors need to file quarterly taxes? And can they do tax write offs or is that only for LLC's +?
Thank you!! Such great explanations, super helpful!
Great Information, thank you
Your welcome. Be well!
Very informative, thank you!!!
Thanks for test driving this vid for us!
hey! what would you recommend two co-artists who are collaborating on lots of work equally position themselves? should they start an LLC as well or work as a partnership first?thaks!
Great information!
Thank you!!!
Thank you!
You bet!
Thanks for all you both do!
Exactly what I was looking for. Appreciate this
You're welcome!
THANK YOU
you’re welcome!
So helpfull , I appreciate you 🙌🏻 -new sub
Thanks for the sub!