Two business names or one
markjtrickey
Registered Users Posts: 30 Big grins
I have registered two business names. One is relevant to the type of photography I am doing now (Pets, dogs mostly). That name is PicturePaws Photography. The other is based of my name, Trickey Photography. I'm considering using that if I ever expand into other areas of photography (i.e. Events, Stock, travel, etc). Do any others run there business using multiple names? Or am I just setting myself up by using the name that is very focused torward one type of photography?
-mark
-mark
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Then when you decide to move on up to the People photography all you need to do is change that one line.....
I was leaning that way, but went the direction I did because the name and web site for the dog photography was easily remembered and associated with what I currently do. I'm leaning towards combining into one, but I'm curious if others do work under two names and what issues and or benefits it might have.
- mark
http://www.picturepaws.com
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http://www.Fredjclaus.com/originals
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Digital Illusions is for all my contracted work (i.e. weddings). while Brian Gailey Photography is for all my other non-contract work (i.e landscapes)
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-mark
http://www.picturepaws.com
what do you mean by "registered"?
incorporated? sole owner? DBA?
which ever it is I think you might be setting yourself up for a record keeping nightmare.
two business names (that are each succinct legal entities) will require separate books. co-mingling of funds is frowned upon, how do you depreciate equipment?
Maybe ChatKat will be along to offer advice.
.
Moderator of: Location, Location, Location , Mind Your Own Business & Other Cool Shots
- mark
http://www.picturepaws.com
~ trickeyphotography.com is to trickey.us
~ trickey.us is to Mark Trickey of North Carolina
-Fleetwood Mac
This is where it is kinda like being neck deep in a cesspool with hands tied and the tide is rising.....
Man a campaign to turn everyone on to the fact that P-Paws ...... is the same as Trickey and get it known thatP-Paws....com is only a website for the for the viewing of your work and do all selling off of Trickey..........com, even at that the IRS and YOUR STATE IRS maynot allow the deduction of a second website, since you could just have pet galleries on your TRickey......com site ......
Find a local accountant or tax lawyer.....it is no fun being scrutinized by the Central Scrutinizer at any time cause the keep scrutinizing you for a very long time.......case in point.....I did a year of business....buying all my film and having it processed at one place...this was 35mm and medium format (120 & 220 film).....the receipts had no identifier as to what I had bought from the store it just said photo andso did the receipts for my albums and everything......the state of KS and also the IRS said I could not use any of those deductions as there was no store Identifier or product identifier.....bar codes and such were very new at this time and 99% of the sole propriorter stores had not purchased new cash registers that imprinted everything....it sucked big time and for over 5 yrs they kept making me bring all my tax stuff to them for auditing....so I turned to paying higher prices and charging more just to break even at that time........