Comments on: Learning http://www.pixelatedimage.com/blog/2009/12/learning/ The Blog of Photographer David duChemin // Gear is Good. Vision is Better. Sat, 11 Feb 2012 05:12:59 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: ron carrollhttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11397 ron carroll Thu, 17 Dec 2009 11:17:51 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11397 Okay, one last post and then I promise to stop... There are 1,143,358 lawyers in the US. This is relevant to nothing on David's blog except to say... If your photography career doesn't work out, you could always practice law. Just one more reason to work really, really hard at your photography business, like David says. Okay, one last post and then I promise to stop… There are 1,143,358 lawyers in the US. This is relevant to nothing on David’s blog except to say… If your photography career doesn’t work out, you could always practice law. Just one more reason to work really, really hard at your photography business, like David says.

]]> By: ron carrollhttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11396 ron carroll Thu, 17 Dec 2009 11:08:15 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11396 Okay, there is one other important thing... If you incorporate and then set yourself up as an employee of that corporation, you're still going to be taxed at the same rates for that income. Any corporate income that remains in the Company coffers will be taxed at the lower rate. But still, talk to an accountant first. Okay, there is one other important thing… If you incorporate and then set yourself up as an employee of that corporation, you’re still going to be taxed at the same rates for that income. Any corporate income that remains in the Company coffers will be taxed at the lower rate. But still, talk to an accountant first.

]]> By: ron carrollhttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11395 ron carroll Thu, 17 Dec 2009 11:02:28 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11395 Here in the US, incorporation is often done just to minimize liability (want to guess which country has the most lawyers per capita?). For example...ever seen the letters LLC after someone's name (frequently a lawyer's name)? Stands for Limited Liability Corporation. Tax laws vary, of course, with a) the country, and b) the type of incorporation . Back in the USofA, for another example... In a SubChapter S corporation, income passes thru to the owner and is taxed as individual income. Best advice: talk first to an accountant, then to a lawyer. And yes, the USofA has the highest ratio of lawyers to citizens of any country in the world: 1 of them for every 265 of us. (Brazil is second. Go figure.) One other thing: the rules have a way of changing every year (because, well, you know, lawyers write the rules). Here in the US, incorporation is often done just to minimize liability (want to guess which country has the most lawyers per capita?). For example…ever seen the letters LLC after someone’s name (frequently a lawyer’s name)? Stands for Limited Liability Corporation. Tax laws vary, of course, with a) the country, and b) the type of incorporation . Back in the USofA, for another example… In a SubChapter S corporation, income passes thru to the owner and is taxed as individual income. Best advice: talk first to an accountant, then to a lawyer. And yes, the USofA has the highest ratio of lawyers to citizens of any country in the world: 1 of them for every 265 of us. (Brazil is second. Go figure.) One other thing: the rules have a way of changing every year (because, well, you know, lawyers write the rules).

]]> By: Davidhttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11394 David Thu, 17 Dec 2009 05:43:33 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11394 @Brad - I have, and no. Incorporation only usually makes sense, as far as I understand it, when you hit a certain level of income. It's not huge, but I've been conspicuously under that number for a long time :-) @Brad – I have, and no. Incorporation only usually makes sense, as far as I understand it, when you hit a certain level of income. It’s not huge, but I’ve been conspicuously under that number for a long time :-)

]]> By: bradhttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11393 brad Thu, 17 Dec 2009 05:39:19 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11393 Have you run as sole proprietorship to date? Has that posed any problems? Have you run as sole proprietorship to date? Has that posed any problems?

]]> By: Arthttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11392 Art Thu, 17 Dec 2009 04:05:30 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11392 Ever wonder when life became an Olympic event?Somewhere along the way I too have forgotten how to play.I used to play with my Lego bricks for hours. Now when I play with them with my kids I have trouble building anything other walls and ceilings!Have to change that... Ever wonder when life became an Olympic event?

Somewhere along the way I too have forgotten how to play.

I used to play with my Lego bricks for hours. Now when I play with them with my kids I have trouble building anything other walls and ceilings!

Have to change that…

]]> By: Davidhttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11391 David Thu, 17 Dec 2009 02:32:36 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11391 Hi Jesse - It's pretty simple for me. Now, bear in mind that I am a Canadian, so things will be a little different in the US, but only in the details, not the broad strokes. An incorporation is taxed much differently than an individual or non-incorporated entity. Basically it moves me from paying up to 30% or more, to paying about 13%. There are some benefits regarding liabilities, but it boils down to my accountant telling me I needed to do it, and making his case pretty clearly. Hi Jesse – It’s pretty simple for me. Now, bear in mind that I am a Canadian, so things will be a little different in the US, but only in the details, not the broad strokes. An incorporation is taxed much differently than an individual or non-incorporated entity. Basically it moves me from paying up to 30% or more, to paying about 13%. There are some benefits regarding liabilities, but it boils down to my accountant telling me I needed to do it, and making his case pretty clearly.

]]> By: Jesse Starrhttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11390 Jesse Starr Thu, 17 Dec 2009 02:13:51 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11390 What was the catalyst for incorporating? I am currently debating doing so. Love the blog and just finished Within the Frame What was the catalyst for incorporating? I am currently debating doing so. Love the blog and just finished Within the Frame

]]> By: Gerrard Williamshttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11388 Gerrard Williams Wed, 16 Dec 2009 19:32:18 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11388 I'm so glad that others find time for learning is difficult there are days when the curve is vertical. Also pleased to here that otheres still have the bad roll come back from the developers (thought it was just me). I’m so glad that others find time for learning is difficult there are days when the curve is vertical. Also pleased to here that otheres still have the bad roll come back from the developers (thought it was just me).

]]> By: anitahttp://www.pixelatedimage.com/blog/2009/12/learning/comment-page-1/#comment-11387 anita Wed, 16 Dec 2009 18:31:52 +0000 http://www.pixelatedimage.com/blog/?p=4720#comment-11387 I like that picture of the small boy, David.You know, I enjoy learning and I pretty much learn something new every day, but I am sitting here trying to remember the last time I "played." Of course I play upon request with our children, but if I were to "play" what would that even look like? How sad. ...I'm going to need to read a book to learn how to play again. (...kidding).I may need to make that a New Years' resolution - learn to play. I think, though, that if I don't make time for it, if I wait until I can fit it in, it will never happen. Is there anything wrong with having a discipline to create and/or play? Would taking the spontaneity out of it somehow take the creativity out too? I like that picture of the small boy, David.

You know, I enjoy learning and I pretty much learn something new every day, but I am sitting here trying to remember the last time I “played.” Of course I play upon request with our children, but if I were to “play” what would that even look like? How sad. …I’m going to need to read a book to learn how to play again. (…kidding).

I may need to make that a New Years’ resolution – learn to play. I think, though, that if I don’t make time for it, if I wait until I can fit it in, it will never happen. Is there anything wrong with having a discipline to create and/or play? Would taking the spontaneity out of it somehow take the creativity out too?

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