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Do you know how to run your writing business?


Words on the Page

Many of us don’t realize that, once we start to sell something, we’re a business. Do you make and sell pies or cupcakes? You’re a business. Do you knit sweaters or hats? You’re a business. Watercolors? Pottery? Calligraphy? Business.

calvin-on-counterfeiting-money

So if you’ve published a book and are selling it — even if you haven’t broken even on your initial investment — you are a business. And that’s good news for you! Now, I’m not a CPA, so please don’t take my advice on the finances as gospel. But I’ve been in charge of our business’s finances for 20 years, and my non-profit’s for 4, so I do know something about it.

Here’s what you need to consider:

You don’t have to be an S-corp, an LLC, or incorporated to be a business and get the benefits thereof. As an independent contractor, a sole proprietor or a DBA (ie if you…

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