ok, dredging up the silt from the bottom of the pond...
Here're my questions:
1) What do you need to start your own freelance business? Business license? What kind of company? Proprietorship or LLC or Corp?
2)How much do taxes actually take out of what you make? I've heard anywhere from 30 to 50 percent! On the flip side how much does it actually save you in taxes? Do you have to pay more taxes because you now OWN a business? Like a small business tax or somesuch?
How do freelance illustrators do it? I mean, one of my professors in college was a well-known, respected illustrator who never suffered for work, but how did he handle this? Did he have his own business? Is it different because he had an agent scouting work for him?
Now, I've been making small-time cash on a few projects here and there, but I wanna go legit. I'm just scared I'm missing something and I'm gonna get bit in the butt.