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How do I go about starting a photography business?

I'm 20 years old and going to college. Several people want to hire me for portraits and weddings, so I made a website and a price-list and everything. Now, I am thinking of turning it into an actual business. I can't afford a studio right now but I would like to work up to that eventually. Also, do I have to pay taxes on the money I receive in exchange for shooting portraits and weddings for people? I'm charging really cheap prices so I'm worried about having to do that. I'm paying all of my own expenses for editing software, equipment, etc so I won't need a loan or anything. I just want to be able to actually say I have a small business. Where do I even start? I have most of the equipment I need for now. What I am really saying is that I am offering a service and people are willing to pay me for it. With the equipment I have already. My major is not photography yet, as I am at a community college which does not offer it. I am working on finishing an Associate of Art's degree and working a full time job, so yes, this will (for now) merely be a means of collecting extra cash on the side. I do hope to sometime make it my sole means of income, but am not able to do so currently. I have no one helping me but I would like to get licensed even though I have heard it is not required for photographers. The way I have my pricing set up for portraits, I am making at least 200% profit. I am young, but I am aware of my market and what they were capable of paying. The bottom line is this: I would like to be recognized (no matter how small my business may be) as a business. I would like to be able to write on resumes that I own the business and be able

Asked By: McKenna - 3/31/2012
Best Answer - Chosen by Asker
Sit down and create a list of all the things you will need to run a business and what they cost. An excel spreadsheet works very well for this purpose. To actually run a business you will need... More
Answered By: jeannie - 3/31/2012
Additional Answers (2)
Not only do you have to pay taxes on your income, you also must collect and remit sales taxes... More
Answered By: Tim - 4/1/2012
 
Make sure you have Adobe Lightroom as one of your editing tools (I don't know your skill level... More
Source(s):
Answered By: Photo Mommy - 4/2/2012
 
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