Artists employ various business models when establishing an art-related business. We will offer details specific to the needs of artists.
The five structures mentioned above will be addressed:
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Sole proprietorships
Partnerships
LLCs
Cooperatives
S Corporation
Partnerships to share the risk.
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While a partnership technically not tax-deductible however, you still have to submit an annual tax return. However, every member is taxed on the income they earn via their bank accounts.
