I am planning to open my own studio this year. As I purchased a lot of stuff in the past years, all the pro camera, lens, lighting gear, etc. I do not need to buy a lot of stuff to open my business. Good plan is half the way, so I do my business plan at the moment to minimize the nasty gaps one may step in. I need some advise on the financial plan though, how do I put my existing equipment into the plan? Fixed assets? Most of the stuff has been purchased end of last year. So how to handle depreciation? 5 years linear? Also costs for website, your domains if you have them registered for 5-10 years - how to handle this in the financial plan?
closed as off topic by Itai, MikeW, Paul Cezanne, John Cavan♦, ahockley Mar 3 '13 at 18:30
Questions on Photography Stack Exchange are expected to relate to photography within the scope defined by the community. Consider editing the question or leaving comments for improvement if you believe the question can be reworded to fit within the scope. Read more about reopening questions here.If this question can be reworded to fit the rules in the help center, please edit the question.
Go watch Zack Arias' presentation "if I had to start today"
It says, first, get an accountant.