TIPS60 - Do you need a business license for your business?

Here is another of our videos offering tips and insights into the business of photography. In this one, we discuss the need for a business license, and other considerations.

(Transcript and comments (if any) after the Jump)

TRANSCRIPT:
Here are a few thoughts on whether or not you need a business license for the photography business you're running. I'm John Harrington.

Lots of businesses require business licenses some are far more formal than others. As a photographer there's lots of things that you worry about and you may not be aware that in your jurisdiction you actually may need a business license. So you want to look into your jurisdiction and whether not a business license is required for the services that you're providing, You have to be very careful and make sure that you're working within all of the rules and regulations of the town or city that you're living in.

There may be even state licensing requirements, you have to provide them with a tax ID or some other document the show's that you are paying taxes. Sometimes you need be paying sales tax depending upon the type of service you're providing and your jurisdiction. Be sure to check with your local jurisdiction and your accountant about all these things. Your accountant is one of your best friends when it comes to finding out things like this. So business license - definitely look into it and see if you need one.

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