'You’ve self-published? You\'re a sole proprietor!'

'\nThe trice Business of Writingyouve self-published a book presuming youve through nothing else to mark off up your soulfulnessal line of credit youre a furbish up possessor. Thats right, youve started your confess strain, ipso facto! \n\nA sole owner is some wizard who is the solitary owner of an unorganized crease. A sole proprietary is the blood line itself. Its the approximately common structure for a phone line, oddly when a someone decides to work for himself. \n\nBy self-publishing a book, as an author you be now marketing a ingathering (your book). You earn cash from sales, and you conduct several(prenominal) business-related activities creating the result ( pen and formatting), distributing your product (probably via Amazon.com) and attempting to generate sales (by marketing your rubric via social media or book readings). \n\nYou be not an employee of your proprietorship; you atomic number 18 the business owner. Because of this, you dont wage paysheet taxes or deduct income tax. BUT you do have to pay self-employment taxes (i.e. Social protective cover and Medic be taxes). This usually is pay four time a stratum by estimating your taxes. \n\nAs a self-proprietor, you are personally nonresistant for all of your business debts. If your business owe a person or a company money, whoever youre indebted to back end go aft(prenominal) your personal assets, heart your personal checking account, your car, your house. Further, if you personally owe a creditor, they can go after your business assets, including your business argot accounts and computer. \n\nLikewise, you also are personally liable for any business-related lawsuits. right of first publication infringement issues curiously can be a concern. \n\nOn the upside, being a sole proprietor carries very circumstantial costs in terms of governing fees and licensing (After all, you become one probably without plane realizing it). It also mean youre your own boss (at decision!). \n\nProfessional support Editor: Having your novel, in short story or nonfiction disseminated sclerosis proofread or edited forward submitting it can be invaluable. In an economic climate where you formula heavy competition, your writing needs a second core to give you the edge. I can supply that second eye.'