Step 1

This step's theme is: BUSINESS PROTECTION

This step is all about protecting your business through formation, contracts, and insurance. You will research what business formation is right for you, which contracts you need, the type(s) of insurance you need and seek out the professionals that can help you make a plan and take action to protect your business. 

THE TASKS

Let's break down this month's tasks with some extra help to get them done.

TASK 1: RESEARCH THE DIFFERENT BUSINESS FORMATIONS - SOLE PROPRIETOR, LIMITED LIABILITY COMPANY (LLC), S-CORP - AND CHOOSE THE RIGHT FORMATION FOR YOUR BUSINESS.

Layers of Protection: How to set up a legal photography business

How to maintain your business entity | How to set up LLC 

TASK 2: IDENTIFY CONTRACTS YOU NEED IN YOUR BUSINESS IN PRIORITY ORDER. MAKE A PLAN TO PURCHASE TEMPLATE OR HAVE A LAWYER DRAW UP.

The Ultimate Photography Contracts Guide

Photography Contract Templates

TASK 3: IDENTIFY BUSINESS, HEALTH, AND OTHER INSURANCE NEEDS AND RESEARCH COMPANIES.

6 Insurance Types Photographers Need

TASK 4: SEEK OUT PRO SERVICES - LAWYER, CPA, FINANCIAL PLANNER, ETC. DISCUSS BUSINESS FORMATION OPTIONS, REVIEW CONTRACTS, DECIDE ON INSURANCE NEEDS.

Should I Hire a CPA or a Lawyer for my Photography Business?

 By setting up your business safeguards now, you are building the foundation you need to get through the rest of the year. 

As your business is ever-evolving, so are your business needs! NOW is the perfect time to re-evaluate those needs and take action to make sure they are met.