When you envision your future, do you see yourself running your own business? Most people in our industry would reply to this with a resounding “No!”, especially when they begin to consider all the things they know they don’t know about running a business. I’ve got news for you. Most people working in theatre and the entertainment industry actually do operate their own business at some point in their career, yet some don’t even realize it. What many fail to understand is that working as a freelance artist, even once, automatically qualifies you as a business that year in the eyes of the US Internal Revenue Service. So since you are going to be running your own business anyway, it is in your best interest to start making decisions like a business owner from the very beginning.
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