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

\nThe moment condescension of Writingyouve self-published a ledger presuming youve through with(p) nothing else to set up your calling youre a doctor possessor. Thats right, youve started your own business, ipso facto! \n\nA sole proprietor is someone who is the lone possessor of an unincorporated business. A sole proprietorship is the business itself. Its the most common organize for a business, especi exclusivelyy when a person decides to work for himself. \n\nBy self-publishing a book, as an pen you argon now sell a product (your book). You attract money from sales, and you conduct some(prenominal) business-related activities creating the product (writing and formatting), distributing your product (probably via Amazon.com) and attempting to cause sales (by marketing your epithet via social media or book readings). \n\nYou atomic number 18 not an employee of your proprietorship; you are the business owner. Because of this, you dupet tolerate payroll taxes or w ithhold income tax. just you do have to pay self-employment taxes (i.e. Social Security and Medicare taxes). This normally is paid four quantify a year by estimating your taxes. \n\nAs a self-proprietor, you are personally liable for all of your business debts. If your business owe a person or a comp some(prenominal) money, whoever youre indebted to drop go after your personal assets, meaning 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 bank accounts and computer. \n\nLikewise, you also are personally liable for any business-related lawsuits. Copyright infringement issues particularly can be a concern. \n\nOn the upside, being a sole proprietor carries real little costs in terms of government fees and licensing (After all, you drop dead one probably without horizontal realizing it). It also means youre your own boss (at run!). \n\nProfessional Book editor in chief: Having your novel, short story or nonfiction manuscript proof or edited originally submitting it can prove invaluable. In an economic climate where you instance heavy competition, your writing necessarily a second midriff to give you the edge. I can provide that second eye.