pheasantfanatic

This may not be the best place to ask this, but I thought I could get the most info here.

My question is-
My friend and I are making a hunting DVD to sell, and I was wondering if I had to register our "business" or anything else to be legal. I don't know anything about this type of thing, so I thought I would ask you guys.

Thanks,
pheasantfanatic

Pass_Thru

That is something Todd could better answer. Im sure he'll be back to posting on Monday after he gets back fromt the classic.

Jay

TallTines6

My opinion is if you are going to do anything for to make money you had better cover your butt. That means checking the names, registering the business w/ your state, etc.

pheasantfanatic

Ok, thanks guys. I have a friend that is a CPA, so I will give him a call and talk to him too. Any info that Todd can give me will be appreciated too!!!!

WKP Todd

Yeah - if you intend on selling anything you must make sure you are set-up to do so. This also allows you to write off related expenses with in this business is critical. We're an LLC, and generally it requires little cost to set one up - so I'd recommend checking into it.

Good luck!

WKP - Todd

pheasantfanatic

ok, thanks a lot!!!

BKC

Look it to starting a Corp a Scorp it costsabout$500.00then you can write of alot trust me any money that is made IRS want there cut so protect yourself!!!!!!!! Check out this wed site this is the one I used and they really take care of everything http://www.bizfilings.com/

WKP Todd

Depending on the state - an LLC. costs anywhere between $25.00 and $75.00 to set-up. People don't realize how easy and cheap it really is!

BKC

WKP I own two small business's and I have high paying job in my situation I think a S-Corp works better for me just because if I lose money inone or bothfrom whatI uderstand I can use my real job's money to make up with the lost of my two small start ups this my first year so far I like what I see