Used to pay


If your business is accused of a crime (e.g. someone is able to slip into your office) then you'll be personally liable. Personal assets are used to pay payment.

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 You are as a "sole proprietor". You are able to continue selling this way without legal repercussions or without filing for a business formation however, you are not


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 You are covered against possible liability




 The way you set out to set up your business identity and how it is structured will depend on the level of protection you require and what tax implications you face.


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 If you are starting an art-related company, there are several business structures artists can use. We will provide information specific to art-related needs.

 

 

 Many artists choose to use a business structure such as an LLC. This is a way to separate the personal assets of you from your business assets. It is possible to keep your assets separate.




 If your business is accused of a crime (e.g. someone is able to slip into your office) then you'll be personally liable. Personal assets are used to pay payment.




 The damage.


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 Artists - Sole Proprietorship



 You, your work and a vision. You are most likely already a sole-proprietor. This means that you have the ability to make use of both your personal and business personal assets to support your business.


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 They are linked. The income you earn through your work is included on your tax returns. Again, this means that you




 Any potential liability is your responsibility.

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