by Tom Dheere
I’ve been giving the whole voiceover-business-incorporating question some thought.
I see that question online almost every day and it’s become even more pressing for many voice talents ever since the new tax code passed. For a long time I have held that most voice talents are incorporating for two reasons:
- Because somebody who knows nothing about the voiceover industry tells them to
- It makes them feel professional and/or important
Clearly, neither of those are good reasons. I’m also sick & tired of seeing new voice talents asking the same questions over and over and over when all of the information is already out there. See my rant from a few weeks ago. With that in mind, here is an incorporating Q&A. A big thanks to Rob Sciglimpaglia and Hal Peterson who spoke at APAC 2018 for their new and insightful data. While I won’t relay all of the info they shared (it was a panel that people paid good money to attend), I will fold in some of their insights into what I already know.
Q: What is a corporation?
A: For the purposes of this conversation, a corporation is an entity designed to protect your personal assets in case bad things happen to your business.
Q: Why does a voice talent’s business need incorporating anyway?
A: Because sole proprietors have zero legal protection in case bad things happen.
Q: What kind of bad things?
Read the rest of the article at TomDheere.com…