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 at 18:30
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Go watch Zack Arias' presentation "if I had to start today"
It says, first, get an accountant.