Video Production biz startup

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GalinMcMahon

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  • Real Name: Galin McMahon

Video Production biz startup

PostFri Jun 11, 2021 6:20 pm

I think it is time to kick it up a notch and start competing with some others who are doing commercial shoots.

Would you recommend going sole proprietor w/ a DBA or going LLC? I know the plusses and minuses of both from a general standpoint but how about with video Production?

I would be taking out a small equipment startup loan. My personal credit is excellent whereas my LLC credit would be blank. That is probably the biggest plus I see in going sole. Of course you're more likely to get good financing as an LLC but as a startup with no credit history it seems it'd be harder.

I'd appreciate any feedback from someone who has hung up their open sign recently using a small loan.
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Jim Simon

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Re: Video Production biz startup

PostWed Jun 16, 2021 4:12 pm

LLC formed in Nevada is probably your strongest organization from a legal standpoint. You can still get a personal loan and use that as a Capital Investment to the LLC for equipment purchases.

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