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I second mharvey's suggestion. And you might also want to consider an S-Corp.

AMSPCS has advised you well to consult professionals.

I'm neither a CPA nor an Atty; but I'm going to stick my neck out, here.

In any business, where there's even the remotest possibility that you could be sued, and if you have ANY personal assets; never, Never, NEVER operate as a sole proprietor. Do ya think that screwing up someones skin on a permenant basis could be one of those possibilities? Even if you do everything right... is it possible that a customer might not see your creation as they "dreamed" it would be?

I guess that leaves an LLC or an "S" corp. An accountant can best advise you on that. And since no logical person starting a business would do so without engaging an accountant, just discuss it with him/her

I want to open a shop in Butler, Missouri. I have been looking at insurance that covers tattoo artist. there is one company that does that and and covers piercings as well. They also have an option for business insurance. With opening a tattoo shop, we will have each client fill out a client release form informing them of the risks that are involved with each procedure and also give us a detailed medical history. With release forms, there is also a part that mentions that they will be soley responsible for what happens after the procedure is on them. We give them instruction on how to properly care for their tattoo/piercing. We have figured a business name. We have searched to see if that name is available and it is. we plan on opening the shop as soon as we can. We have to raise the starting capital in order to do this. we have found a building that is for sale in Butler for 34,000. two story building that is approximately 3672 sq. ft.

i have another question on how to go about purchasing the building. This will be my first major purchase. i am 23 years old. this is all i want to do. I have found shop owners that are my age. they are successful. Gives me hope. I am wondering whether i should just ask for a loan for the amount of the building plus however much will cost for everything else. With the price of the building, I have figured that it will cost around 70,000 to start up and that is with extra capital for slow months.

I am mainly worried about being able to get a loan because of my age, i have no credit, and not many assests. The main thing i won is a 2002 toyota 4-runner. I have slowly started to purchase items needs for a shop. My husband tattoos privately right now. So the items we have purchased are needed by him at this moment.

One of the major reasons that people incorporate is to protect their personal assets from any potential business liability. Forming an LLC would be beneficial for you and can very well form a LLC. We at ICS would definitely help you providing the complete information on LLC and help you form a LLC and provide end to end solutions at competitive pricing.

You can reach Mr. Kiran Kumar(Senior Manager) at 979-633-4221 and can mail him @ kirankumar.tummala@mybizfiler.com, as he is very well experienced and has considerable knowledge in incorporation services

For more information and details please visit ICS web site www.mybizfiler.com.

You can also visit our informational blog site: http://mybizfiler.wordpress.com/.

Disclaimer: ICS does not offer legal services or legal advice, but only generic information on legal subjects. ICS is not an attorney or law firm and not a substitute for an attorney or law firm