I'm looking for feedback on the "right" ways to get a new small business started in regards to... - Corporate Naming and Business Structure - Tax ramifications - Legal issues - Etc. It will be very informal for the first 6-8 months I suspect. Also, it wouldn't involve any employees (at least for a long time), health care, etc. EDIT Now that I've obtained the domains, I feel good enough about the progress to reveal my venture. Photography. It's not going to be one that will replace my current job - at least that's not my plan right now. It's always been a passionate hobby of mine and I'm turning it into a small business. I have not yet setup any type of corporation or business credit account...I have selected a name though and have the domains for such. I have the majority of my initial equipment - including the camera, lenses (bought late last year), lights, backdrops and stands (just bought last week). I bought them from my personal account, so I'm curious if that will have a negative impact on my venture from an accounting perspective. I'm also wondering what type of corporation I should setup. While I don't feel I'd need a ton of protection, I would want to be shielded from any lawsuits should there be one via a disagreement for image use, etc. Am I able to receive some sort of tax deduction for equipment bought in '07 (camera/lenses)? Also (and this could get interesting 'round here ) - I do not yet have an accountant or lawyer selected regarding this venture and would like feedback (PM me if you prefer) on good options.