LLC. DBA. INC. Too…many…letters! And what are the differences between them?!?
Anne and Gabby get down to the nitty gritty and go over the different foundations your voiceover business should have based on your needs. They also share how they survived a few IRS experiences and how you can prepare yourself too! Keep a search engine handy for this one – because where you live, matters!
“If you’re serious about voiceover and you’re serious about this as a business, you really need to take a look at the best way to create your infrastructure because at the end of the year, it’s going to make such a huge difference.” – Anne Ganguzza
- Make sure you know local and state business laws when considering your infrastructure – DBA, LLC, SCorp, etc
- Make sure to get a separate bank account just for your business – it will make your life a whole lot easier!
- Consider hiring an accountant to handle categorizing your income and expenses, and preparing your end of year statement/taxes
- Keep detailed business records as they occur so that you are not scrambling to play catch up at tax time
- Use a financial software to help you keep track of your business! (and back your data up frequently!)
- Consult the Business section of your local state government on business options, i.e. California – http://www.ca.gov/DoingBusiness
- Small Business Primer
- How to set up and Maintain a Better Voiceover Business – by Gabrielle Nistico
- Quickbooks online