Why You Should Consider Starting Your Own Author Business

📚Starting your own author business can offer tax benefits and separate your personal income from business income.

💼Creating a publishing company can enhance your legitimacy and open up opportunities to work with companies like Ingram Spark.

💰Having a publishing company may be necessary to use print-on-demand services and access wider distribution channels.

📝When starting a publishing company, it is important to understand the legal requirements and consider the financial implications.

🔎Research and consider the specific reasons why you may need or not need to start a publishing company.

Do I need a publishing company to be self-published?

—No, a publishing company is not necessary for self-publishing. However, there may be benefits and opportunities that come with having a publishing company.

Can I use services like Ingram Spark without a publishing company?

—No, Ingram Spark requires an imprint (publishing company) to work with. They expect authors to have a separate business entity for publishing.

What are the advantages of having a publishing company for tax purposes?

—Having a publishing company can provide a separation between personal and business income, allowing for tax deductions and potential write-offs.

Is it necessary to purchase ISBN numbers for a publishing company?

—Yes, as a publishing company, you are responsible for providing your own ISBN numbers for each book you publish.

What should I consider before starting my own publishing company?

—Before starting a publishing company, it is important to understand the legal requirements and financial implications, as well as have clear reasons for doing so.

00:00Introduction to the video content: discussing the importance of author businesses and setting up a publishing company.

01:55Explaining the reasons why you may not necessarily need a publishing company for self-publishing.

06:13Discussing the reasons why some authors choose to start a publishing company for tax purposes and legitimacy.

09:59Explaining the requirements of print-on-demand companies like Ingram Spark and the benefits of having a publishing company to use their services.

11:59Addressing common questions about the necessity of publishing companies for self-published authors.

19:31Providing advice on what to consider before starting your own publishing company and the importance of research and understanding the specific reasons for doing so.