Videomaker – Learn video production and editing, camera reviews › Forums › General › Open Forum › Freelance vs owning a Video Production Business › Dax, There’s not much diff
There’s not much difference between the two concerning responsibilities and as you say ‘paperwork’. Both are businesses just one is sanctioned the other usually isn’t. Though having a business does bring more hassles, it also brings more protections depending on what type of tax structure you go with. As a freelancer, you’ve got more ‘freedom’ so to speak but far more liabilities which will come out of your hide if anything goes wrong. Also, freelancing often limits the scale of projects you can perform.
If you’re just wanting to just ‘wing’ it, you really aren’t ready to be a freelancer or a pro with a sanctioned business. It sounds like you’re still in ‘Hobby’ mode which is not a bad thing if you recognize it and deal from that standpoint.