Choose the Right Business Structure and Register Your Unique Business
There are five main business structures you can have in the U.S., and itâs important to choose the right one. Weâve shared your options below. They are:
Sole Proprietorship
This is the "default" business structure and is what your unique business will be if you decide not to create a more formal structure. We don't recommend this type of business as it doesn't give you the legal protections you need.
This is a type of business that is formed when two or more people work together without creating a more formal business entity. Like a sole proprietorship, it may not give you all the protections your unique business may need.
The most common type of business entity, an LLC is fast, simple and inexpensive to set up and maintain. It protects your personal finances and assets and is a great way to start your unique business.
This is a more complex type of business and isn't generally recommended for smaller organizations.
C Corporation
These are the largest and most complex types of businesses, and are typically far more than the average entrepreneur or unique business owner will need.
For more information on the advantages and disadvantages of different types of businesses, please see our in-depth guide. If youâve still got questions, weâve answered them to help you choose the right business structure for your unique business.
In most cases our recommendation would be to create an LLC - they are quick to create, easy to manage and relatively inexpensive to run. They also provide you with liability protection and help you get taken more seriously by photography clients.
Weâve got a complete guide to everything you need to do, and we can even start setting up an LLC for your photography business today. LLC formation does vary from state to state, but weâve got you covered, wherever you are.
Start Your Business with Us, Today!