In the U.S. you still need to make a profit in 2 out of 5 years or else it is considered a hobby and you can't write off expenses.Word on the street is that you can't make a living in photography anymore. But that doesn't mean you can't start a business and claim your losses (in the US anyway), as long as you are making the effort to profit.
I was "in business" for about 3-4 years. To start my business I said "I'm in business" and started showing my Cibachrome prints around town and trying to sell them to anyone who would look at them. I quickly learned I didn't really enjoy being a salesman. I don't remember if I ever broke even, but it was nice deducting all my photo expenses for a few years.
That's probably not the answer the OP was looking for but on the most basic level that's all it takes to "start a business" in the US. You say you're in business and you start acting like it, saving receipts, documenting income/outgoing, and probably file a Schedule C if you're a sole proprietor. But the OP is not in the US.
In the U.S. you still need to make a profit in 2 out of 5 years or else it is considered a hobby and you can't write off expenses.
At that point all you need to do is prove to the IRS it is actually a business and you are running it like one. I know this to be true, but I've never tried it, and fear of trying is one reason I stopped claiming my photography as a business.
In the U.S. you still need to make a profit in 2 out of 5 years or else it is considered a hobby and you can't write off expenses.
The ultimate in basic steps...
- learn your craft well enough to provide your selected customer segment with quality work
- search for a unique business name in your state
- get a business license in your city
- register with state for collection and payment of sales taxes
- establish pricing based upon all costs plus payment of all of your time consumed for a job...NOT simply shooting time! But don't necessarily charge as much forthe mundane things anyone can do like 'driving time' as you charge for yoiur 'creative time' which uses unique skills and talent (shooting, postprocessing)
- advertise your business and promote yourself to potential customers
I am sure these basic steps are valid in Portugal as well. Maybe substitute another governing district for "state" but they all want taxes collected and paid, and most probably a nice run through bureaucratic red tape. You might have to pass an exam to get a license or join an official group to operate as a photographer.They live in Portugal
They live in Portugal
The ultimate in basic steps...
- learn your craft well enough to provide your selected customer segment with quality work
- search for a unique business name in your state
- get a business license in your city
- register with state for collection and payment of sales taxes
- establish pricing based upon all costs plus payment of all of your time consumed for a job...NOT simply shooting time! But don't necessarily charge as much forthe mundane things anyone can do like 'driving time' as you charge for yoiur 'creative time' which uses unique skills and talent (shooting, postprocessing)
- advertise your business and promote yourself to potential customers
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