Quote:
Originally Posted by georgia  YES! quickly.... If you get sued for doing something wrong, or somebody decides your latest score sounds too much like someone else and files a lawsuit, or a client just decides your work wasn't delivered as promised and files a lawsuit... if you have a client over to your studio ( bedroom ) and they slip and fall.... you home, your equipment, your car, your possessions, your bank accounts, including joint accounts with your wife, etc.... they can ALL be attached and are in jeopardy. You need to place a legal barrier between your personal life and your business life.
You can file an LLC ( normally Delaware or Nevada ) and reserve your company name in that state and the state you do business in. ( we're talking a few hundred bucks so far )
You can file an S-corp and do the same ( different financial, and legal issues )
You can file a C-Corp and do the same ( different financial, and legal issues )
Find an attorney and file. Get E&O insurance. And get equipment and liability insurance.
Also, check local laws and zoning issues concerning opening a small business in your home or if you are going to open in a commercial facility.
You may also need to file a local DBA ( Doing business as ) with your local town or city.
cheers
geo |
very good advice, but the OP is from Canada so things might be a bit different. basic principle remains that a corporation is a seperate legal "person" but doing sound in Vancouver and invoicing from a company out of Delaware might not work exactly.
