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The New Year is ringing in! This is the perfect time to make major changes such as incorporating your wedding business. It isn’t that you can’t make those same changes the rest of the year; it just saves the headaches of mountains of paperwork that can pile up especially with your taxes if you make the change midyear.

If you haven’t already incorporated in some way this is something that you need to do anyway. Chas Rampenthal points out that at the very least it makes your business look legitimate – not only to the government but also to the brides who are considering you. The tax benefits to both you are your employees are also huge. What do you think? Are you planning on incorporating your wedding business this year, or have you already incorporated?

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0 thoughts on “Why To Incorporate Your Wedding Business In The New Year”

  1. A bride has never asked if I was incorporated. They have asked about insurance and if my company was registered however based on my husband’s experience with incorporating his business I wouldn’t dream of it. As a wedding photographer I think it would be a headache and while there may be some tax benefits to it, understanding tax laws is for the pros and they are pricey. Over 2000 if your books are done and much more if they aren’t. It’s more self preserving and protecting and I don’t feel a demand for it in my part of the wedding industry…yet.

    1. [quote name=”Joanna St. Jacques”]A bride has never asked if I was incorporated. They have asked about insurance and if my company was registered however based on my husband’s experience with incorporating his business I wouldn’t dream of it. As a wedding photographer I think it would be a headache and while there may be some tax benefits to it, understanding tax laws is for the pros and they are pricey. Over 2000 if your books are done and much more if they aren’t. It’s more self preserving and protecting and I don’t feel a demand for it in my part of the wedding industry…yet.[/quote]

      Joanna, there are certainly a lot of benefits to incorporating. We were happy we did it.

      I have to agree that we’ve never had one question from a couple about whether or now we’re incorporated, so appearing more legitimate isn’t a motivation. In fact, we don’t even advertise the fact with a “Inc.” after our name.

      I think the cost for us in NY was about $800, and it’s more than paid for itself in tax benefits, even though the tax process is more of a headache.

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