In this episode of Your Drone Questions Answered, John Dickow and David Young from Drone Launch Academy discuss an important topic for aspiring drone business owners. The question submitted by Rob is whether it's necessary to have a business checking account or if clients can simply write checks directly to the operator. David Young shares his expertise and explains the benefits of setting up a separate entity, such as a limited liability company (LLC), and having a dedicated business checking account. He discusses the implications for taxes, liability protection, and the importance of keeping personal and business finances separate. They also explore the option of a fictitious name for those who want a separate account without forming an official LLC. If you're considering starting a drone business or any other type of business, this episode provides valuable insights and advice.
Don't miss out on the latest drone-related discussions and questions. Join the Drone Launch Academy Private Community, Drone Launch Connect, and submit your own questions for future episodes. You can also visit ydqa.io to submit questions and access helpful resources. Stay tuned for more episodes and remember, we'll see you in the sky!
