My friend John told me he had obtained all his registrations from Business Name USA for only $39 per license, plus state fees, if any. Advisors and Antagonistsįeeling more confident, I continued my journey to obtain the necessary licenses and permits. Since I would be treated as an "S" corp., my QBI would reduce my business income by 20%, so I would pay less in income tax.
She recommended an LLC, which would offer me personal asset protection and tax benefits. Katy advised me to first select the type of ownership structure for my business. She had launched her own fragrance line and understood the challenges of starting a new business. Enter My Mentorįeeling overwhelmed, I reached out to my mentor, Katy Perry. The government clerks kept giving me the runaround, and different friends told me different requirements applied to my business. As I tried to obtain the necessary licenses and permits, I encountered several obstacles. I thought starting my own business would be easy, but I quickly found out how complicated it could be.
#Event promotee code#
I decided to start an event promoter business, which is classified under the NAICS code 711310, "Promoters of Performing Arts, Sports, and Similar Events with Facilities." According to the US Bureau of Labor Statistics, this industry has a growth rate of 5% from 2020 to 2030, with an average annual wage of $56,880 for event planners and $70,150 for meeting, convention, and event planners. I have always been passionate about event planning and promotion. Create your Entertainment promoter business team You will need a PR savvy person in sales and marketing, an engineer who can direct a music process and session, a business manager, a graphic artist, and, if you can afford it, a lawyer. In other words you need to know what you are doing so as not to go out of business. The secret to success, however, is in the business part. Starting a Promoter Business An entertainment promoter in industries like music, wrestling, and sports is an individual or company in the business of marketing and promoting live entertainment events such as concerts/gigs, sports events, professional wrestling (wrestling events), festivals, raves, and nightclubs. Finally, even event planning sole owner/proprietors can form an LLC or incorporate, in which case, they will not need ot file a DBA. You can also obtain a federal tax ID as a sole proprietor an use it as a business tax ID.
You also need a federal tax ID if you are a partnership, an independent contractor, a corporation or an LLC.
If you decide to hire help/employees to help you cater the event, you will need a federal tax id number and a state employer number.
#Event promotee license#
If you buy wholesale, or will sell any type of event planning items such as decorations, utensils, food, equipment settings, etc, in small or large amounts, you will need a Sellers Permit also called a resale license or state ID.
#Event promotee full#
If you also use a trade name such as "Eventful Event Planing," as a doing business as (DBA), or you are partnership, to do business (a name other than your full legal name), you also need a DBA doing business as certificate filing. Regardless of which one you choose, you will need a general Business License. You first need to select the business structure among a sole proprietor, a partnership, Corporation or LLC for your event planning business.
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