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Originally Posted by StillFocus
There is no extra tax for the business; that was my point. An LLC is not a seperate legal entity for tax purposes, all profit is treated as personal income for the owner(s).
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My mistake, then. Consider the tax part rescinded. Though, really, it was simply one small point in the larger sentiment that $200/job is not enough to build a photography career/business on.
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This thread also "incorrectly presupposes" that anyone and everyone who wants to take pictures for a living is going to be doing so in New York. This whole thing is just one big fallacious mashup.
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New York was simply an example of one of the likelier big cities where a photography professional might look to work, but the point that $200/job is almost impossible to build a career on is equally valid no matter where you live.
And, honestly, I'm not even sure how we wound up wandering down the "is $200 a job enough to live on" tangent. The point that Storm was making was that $200 jobs as a whole bring down the value of the photography industry and photographers. The fact that $200 per job isn't a whole lot to live / build on didn't really come up until this thread.
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I just didn't want a misconception on taxes to scare people away from forming an LLC, which in my opinion is the first thing you want to do if you are serious about doing ANY business solo.
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An excellent point, sorry. I don't mean to let anyone think they shouldn't form an LLC if they want to go into business. In fact, not forming one could be infinitely
more expensive, since it shelters you from liability.