About GA Creative Consulting
Small Biz Basics: The Legal Foundations
Small Biz Basics: The Legal Foundations Are you an artist who wants to start selling products? Do you want to start selling homemade goods? Do you want to formally register yourself for contract work? GA Creative Consulting works with many small artists and business owners to build a strong foundation and develop strategies to sustain and scale. But how do you even start? Starting a business can be a headache, and it’s a lot to juggle, so here are some basics to get you started. Choose a Business Type: LLC vs. Sole Proprietorship vs. S-Corp Sole Proprietorship: This business type requires no state registration or paperwork. However, your personal assets are exposed since you and your business are considered one. LLC (Limited Liability Company): This is a formal business structure that is registered with your state. It separates your personal assets from business liabilities. S Corp: This is a special tax status, not a basic state business type (though an LLC can elect to...