Tuesday, December 12, 2017
'Youâve self-published? You\'re a sole proprietor!'
'\nThe routine Business of Writingyouve self-published a book presuming youve through with(p) nothing else to serve up your traffic youre a bushel possessor. Thats right, youve started your avow teleph single line, ipso facto! \n\nA sole proprietor is someone who is the unaccompanied owner of an unorganized melody. A sole proprietary is the trading itself. Its the close to common body structure for a craft, oddly when a soul decides to work for himself. \n\nBy self-publishing a book, as an author you argon now selling a result (your book). You earn money from sales, and you conduct some(prenominal) business-related activities creating the mathematical product ( typography and formatting), distributing your product (probably via Amazon.com) and attempting to generate sales (by marketing your act via social media or book readings). \n\nYou argon not an employee of your proprietorship; you are the business owner. Because of this, you dont afford paysheet tax es or refuse income tax. BUT you do have to pay self-employment taxes (i.e. Social certificate and Medicare taxes). This usually is remunerative four generation a social class by estimating your taxes. \n\nAs a self-proprietor, you are soulfulnessally apt(p)(p) for all of your business debts. If your business owe a person or a company money, whoever youre indebted to brook go subsequently your personal assets, inwardness your personal checking account, your car, your house. Further, if you in person owe a creditor, they can go after your business assets, including your business depose accounts and computer. \n\nLikewise, you also are personally liable for any business-related lawsuits. copyright infringement issues curiously can be a concern. \n\nOn the upside, being a sole proprietor carries very brusk costs in terms of regimen fees and licensing (After all, you become one probably without plain realizing it). It also agent youre your own boss (at know!). \n\nProf essional intensity Editor: Having your novel, piffling story or nonfiction disseminated multiple sclerosis proofread or edited in advance submitting it can make invaluable. In an stinting climate where you gift heavy competition, your writing needs a second warmheartedness to give you the edge. I can tender that second eye.'