How Donovan Keith became Donovan Keith Inc.

INCOMPLETE: MORE TO FOLLOW

To setup yourself as a business you need to follow these steps:

1. Get an EIN from the IRS (irs.gov, keyword: EIN) or just use your SSN.
2. Separate your business finances from your personal finances.
3. File your taxes quarterly (?!)
   

Logging Expenses

1. Amount
2. Date & Time
3. Location
4. Business Purpose
5. Business Relationship: (Client, ??)
   

Keep your records 3+ years.

Incorporating

My First Post
This is the inaugural post in my new Actor's Log. My goal is to have this BLOG serve as a resource for myself and other actors who are moving from regional markets to the big show: Los Angeles. My goals are fairly simple: dedicate myself to acting as much as I can in film and television.

To that end, I've already jumped some pretty big hurdles. The first of which is the proverbial "day job". I've lined up some consulting work with a software company and my previous employer which will allow me to work my own hours; leaving me free to audition whenever I need to.

Becoming a Business
Now that I no longer have full-time employment from any one company, I have become a small business with 1-employee: me. Which means I now have to file taxes as a business, which led me to this resource:

The IRS's "Online Classroom" for Small Business/Self-Employed
http://www.irs.ustreas.gov/businesses/small/article/0,,id=97726,00.html
There's some pretty cool videos on how to set up you bank accounts and keep records so that Uncle Sam doesn't bite a chunk out of your keester come next Easter.