If I’m about to self-publish my first of 2 books, since I am both the author and publisher of record should I set up an LLC?
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If I’m about to self-publish my first of 2 books, since I am both the author and publisher of record should I set up an LLC?
Or should I set up another legal entity to protect me from inadvertent but possible copyright infringement suits?
Asked on September 12, 2014 under Business Law, Utah
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
Definitely set up either an LLC or corporation to provide protection from business-related debts or liablility. There is, in terms of protection, little to choose between an LLC or corporation, and for tax purposes, since you'd most likely want a "pass through" entity (though confirm this with a tax advisor), you could do either an LLC taxed as a partnership or an S-corporation. The above said, most small businesses (self included) find an LLC simpler and more straightforward, with less paperwork formalities and requirements, than a corporation, so that's probably the better way to go.
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