I just ran into this great article for those of you wanting to start your own business. It’s all about the tax information you will need to know before you start.
http://www.danheller.com/photo-inc.html
here are some points he hits on
Are you a “Pro,” or just a Hobbyist?
De-Myth-ifying the Photo Business
1. he Limited Liability Company (LLC)
Here is another great site:http://www.photosecrets.com/