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Mr. Haunt
11-15-2007, 10:06 AM
I was wondering about paying taxes each year for my event.

If I operated three times in one year, would I pay separately for each event or all at the end of the year?

First event: would be in June at a summer festival: Profit might be $3,000

Second event: Would be at a county fair: Profit might be $5,000

Third event: October haunted house: Profit might be $8,000

Total: $16,000
Taxes?

Just some round numbers, but I thought I would ask to see how this would work


brian

MindWerxKMG
11-15-2007, 11:25 AM
These are question best answered by an accountant. You need to incorporate, i.e. LLC, Inc, S Corporation. You do not want to run a haunted event as a sole proprietor.

Mr. Haunt
11-15-2007, 12:00 PM
Kevin,

Thanks for the reply. I just wanted to see what others had to say. I am looking at LLC when I send in my articals.

Brian