What are you doing Thursday, Feb. 11 at 1 Pacific time/4 Eastern time?
I’ve teamed up with Joel Friedlander to present a webinar on business basics for writers, particularly the nuts and bolts of setting up your self-publishing business.
And it’s free.
Among the topics we’ll discuss:
- When to form a corporation or limited liability company
- Why and how to select an imprint name
- What business permits and licenses every business needs
- Whether to set up separate bank, PayPal and other business accounts
- Must-know triggers for tax reporting and payments
- Some guidelines for growing your business beyond the book
There are many reasons for treating your writing as a business, especially if you are self-publishing.
- You’ll have more time for writing. You’ll save yourself hours of frustration digging through piles trying to find information.
- You’ll be ready for success. As your sales increase, you will be prepared to measure and manage that growth.
- You’ll avoid losses. If you have a better handle on cash flow, you’ll know when your expenses are getting too far ahead of your income.
- You’ll know what works. If you have a method of tracking sales, you’ll know which marketing efforts paid off and which were a bust.
- You’ll avoid mistakes, like forgetting to collect and pay sales tax or to deliver 1099s to freelancers.
- You’ll save on taxes. If you operate your writing venture as a business, you are more likely to be able to deduct writing expenses from your non-writing income and reduce your tax bill.
- You’ll feel more legit. If you don’t treat your writing as a legitimate business, then no one else will, particularly the IRS.
- Your heirs will thank you. If you are hit by the proverbial bus, your heirs will appreciate your organization.
When: Thursday, February 11, 2016 at 1:00 p.m. Pacific (4:00 p.m. Eastern)
Register Here: “Why Authors Who Want to Self-Publish Need a Business Hat”
At the end of the webinar, we’ll introduce Publishing Business in a Box to help you set yourself up as a self-publisher.
I hope you can join us.
Hello and thank you for helping us.
I would like to know if I can offer a good (book) and a service (doing presentations at school assemblies and perhaps business conferences) under my own publishing company. The presentation, while similar in some respects to the ideas in the book, may never even mention the book. Both present meditation and related topics, but the book is a memoir and the presentations are meant to inspire kids to monitor their thoughts by realizing how powerful thoughts are. Do these have to be two separate businesses or can one company publish books and offer presentations not directly connected to selling the book?
Kinkani, They could certainly considered one business.
Was this webinar recorded? Is it possible to hear it somehow?
I’m particularly interested in this question: I’m writing my first book and want to go the traditional publishing route if possible. Do I operate as self-employed, or do I need to establish a business?
I thought the video was available, but am having locating it. I did a similar talk with Joanna Penn. https://www.youtube.com/watch?v=lh4Y4oB36Iw