Most new photographers are starting their businesses as a sole proprietor. This is because it is one of the most simple business formations and for many people it makes the most sense when just starting out. A sole proprietorship is a business entity that is run by one person. There is no distinction between the owner and the business. The owner IS the business and in turn they are entitled to all of the profits and are at risk for all of the liabilities.
If you are starting a photography business and don’t do anything else, you are automatically a sole proprietor. In future posts we will talk about the benefits of filing to be an LLC or a Corporation, but for now we are keeping things simple.
Check out the video below for an expanded discussion about starting your new photography business as a sole proprietor and other issues to think about such as registering with your city/county, and getting a “Doing Business As” certificate, also known as a DBA.