The $14 Billion Drone Industry is Worldwide and Growing
FAQ For Drone Pilot Small Businesses
Q: Are Drones Tax Deductible?
Drones used for business purposes are tax deductible. The deduction is not allowed until the drone is placed in service which typically requires a drone business to have customer revenue and the drone pilot to have a FAA commercial part 107 license. A non-drone business that uses drones can also deduct drone expenses that are business related.
An LLC is a separate legal entity and a popular way to set up legal protection for a business by protecting the business owner financially from creditors, legal claims, and upset customers. LLCs are created in the state in which you live and operate your drone business via a registration and state fee done by the business owner, a hired attorney, or a service like Legal Zoom. Do you need one for your drone business? It's a good idea, yes, but for more information, read our blog post.
Q: What is a Drone Small Business?
Side hustles and multiple income streams are popular and increasing due to popular services like Uber or Airbnb. Drone business ideas are changing as the industry matures. Licensed FAA drone pilots can list services that can secure jobs on sites like Dronebase or Flyguys.
Drone franchises are more and more popular as commercial drone pilots and drones continue to expand. Drones are used to carry out tasks such as surveying vast farm lands, delivering parcels, monitoring wildlife and livestock, geographical mapping, monitoring pipelines, road patrol, general commercial photography, and motion picture filmmaking.
With a drone franchise, you'll be the one that makes the business work, not the franchisor. The bottom line is that drone franchising gives you the best of both worlds: the freedom to be your own boss with the back-end systems and support of a trusted brand to set you up for success. So, if you're looking towards starting a drone-related business,read our blog postto discover some drone franchises available in the United States.
FAQ For Drone-Related Businesses
Q: What's a Drone Pilot Membership Organization?
The FAA is the largest drone pilot membership organization and charges a mandatory $5 fee for drone registration. On January 10, 2018, U.S. Department of Transportation Secretary Elaine L. Chao announced that the total number of drones now registered with the FAA has eclipsed one million. The figure includes 878,000 hobbyists, who receive one identification number for all the drones they own, and 122,000 commercial, public, and other drones, which are individually registered. Drone pilots must register with the FAA, but other drone pilot memberships are voluntary.