well, sort of. my brother and i want to start a video/graphics/design company first, some background. i have a full time job, as does my brother. i studied film/animation/graphics and am looking for a career in it, though i don't expect to be a freelancer exclusively any time soon (need experience). he has always had a love for creative stuff, whether it be audio, video, web, silk screening t shirts, etc... we recently purchased a prosumer video camera (hvx200) and both have g5s, final cut studio, etc, which we mostly use for personal projects for fun, though we do both occasionally do a freelance gig of all sorts i've been looking to start a company officially, moreso as a way to sell my services (jokes abound there) formally, and eventually i'd love to do freelance/have my own production company.. my brother posed the question of whether we could form a company and thus benefit tax-wise when it comes to making purchases on gear... we would be laying out money in the near term, and ideally transferring what we already own to the company, legally. i doubt we would make profit, but there would definitely be some income over time (i have a web design freelance job currently, too late to get it for the company name though) even after discussing with a couple tax law folks and accountants, i am not clear on how this would work... so, especially for those of you who have business(es) that are not your only/main source of income (gary?), in real world terms, how do you benefit financially from having a company that has "losses" in terms of gear purchases...? i have heard the hobby vs. business stuff, and i think we're legit. while some of our uses would be hobby (making films for festivals, etc), we would also be able to bring in some money, even if it's only a couple grand a year.. any thoughts/experiences would be awesome.