Hello everybody,
Here is my situation. I have a full time job in different field. However, I have home studio that is utitilized at least 4 times a week on professional bases. I use my studio to do work for non-profit organizations for free who otherwise cannot afford professional studio. So most of my work is for free but of course I get donations every once a while and now I am planning to start produce and sell some albums. The expenses of the studio is increasing. I have other family members working in the studio and doing hard work for free. I am thinking of start paying them for it. The whole thing is net loss but I am happy with it because this is what I want to do and this is how I can help christian organizations.
I was wondering if it is possible to make the studio none for profit organization or even a business and get tax help with the increasing cost of it? Any advice about this?
Thanks