In today's age, it is easier than ever to start your very own publishing company. Even more so, because of digital rights and self-publishing authors, it is even more important that you incorporate.
Starting your own legitimate publishing business will help you protect yourself and your personal assets. It will help you in taxes and even help with sales by giving you and your books a new level of legitimacy.
Therefore, on this video, I am going to take you through the process of starting your only Limited Liability Corporation, S-Corp, or any other type of company that you want to start. Looking over my shoulder, you will see how I create my own Publishing Corporations and ensure I have maximum protection in my publishing business affairs.
Here are a couple of important links that I bring up in the video:
http://bit.ly/Publishingcompany : Will take you to the site My New Company and allow you to create your own business now.
If you would like more details about self-publishing and marketing your ebook, then check out http://Kindlepreneur.com. More importantly, if you want more information about setting up your company, then check out the original article which include more details about the companies, what states you should look at and many more options that are out there. http://kindlepreneur.com/how-to-start-a-publishing-company/
Stay frosty my friends.
Where in this video does it go into the specifics of a publishing company? Marketing, competition, your niche - where's all that info? It was almost entirely about setting up a corporation - that could've applied to any business.
Hi Captain Space Muffin (hehe), there are many facets to starting a business. This part is about the setting up of the legal entity. You can learn more about the marketing on my Youtube page, or my website Kindlepreneur.com.
Hi Dave. I have been in publishing business as a hobby since last February. I outsource my books. My question is I live in Europe. So in this case how do I established a company? Your video applies from non us as well? Thank you
Hi Antonis, i am providing book typesetting services at low cost. Also first project free, i will charge from second project. if you want to establish your company, i can help you. email: [email protected]
I've actually got a podcast recording setup with my Business Lawyer and that will be the exact focus of the recording. So, if you're a subscriber, you'll be able to find out there. If you're an American, then the answer is yes for sure. I created my LLC from Sri Lanka. Hope that helps.
This is just superb, I been tryin to find out about "self publish ebook online" for a while now, and I think this has helped. Have you heard people talk about - Quonor Publish Peneplanation - (search on google ) ? Ive heard some decent things about it and my brother in law got amazing results with it.
When I sign up on mynewcompany.com does it comes with everything I need legally such as 'registering my business name or DBA certificate, EIN, sales tax permit (if needed)?
I also plan to publish paperbacks through Createspace. Will it come with a publishing account or will I have to go into each person's account with their personal log-ins?
I worked for a consulting company that offered accounting and legal services, mostly to IT companies, and I can tell you that the one company structure I would never tell someone to DIY of even use an online service it would be an LLC. This is even more so for a single member LLC. The operating agreement for an LLC is very important, not wording it properly can cause tax and more importantly legal problems later on. LLC's are under attack in some States, just having an LLC can encourage a lawsuit in some cases. I can not tell you how many LLC's I have seen have their limited liability status stripped from them in a lawsuit because of a poorly written operating agreement, especially with single member LLC's. So, beware before you cheap out on an LLC, it could come back and bite you years down the line. As far as forming an LLC or Corporation in another State other than where you are operating the business there is no reason to do this other than hiding ownership, some States don't make the members (LLC) or Stockholders (Corporation) part of the public record. But a good lawyer can easily get around that. Wyoming has no sales tax, that only matters if you are selling something in Wyoming. If you do business in a State you don't have a corporation or LLC you have to register as a foreign LLC or Corporation (some State may use a different term) pay fees and get a sales tax number to collect sales tax (if that State has it). You also have to pay income and real estate taxes that imply. So, setting up in another State will save you nothing in taxes and fees, unless you do all your business online and never set foot in another State. And not haveing a real address in the State your business is registered in is yet another way you have your limited liability status stripped. It is so easy for someone to verify an address.
Me and some of my friends are hoping to do the same thing! I say just look up company name ideas. It’s been a year, so I’m guessing that you have already found something on how to do this, but here’s some ideas:
Go to random word generator, heres a link: http://www.randomwordgenerator.com/
You should probably stick to just two words, and make sure they have less than 4 syllables each, and see what you find!
(I hit the generate button and got Pen Exchange, for instance.)
God Bless, have a good day!
Kbookpromotions really does it for me. You can use it to swap reviews, find niches, keywords and the right categories to help rank your books better in the Amazon search results. Also has a rank tracker which allows you to track other peoples books as well as your own.
There's also heaps of marketing features such as the automatic book submission tool which allows you to post your book to over 30 free promotion websites at the click of a button as well as the twitter and facebook posting tool.. Saves tons of money on VA's and time in the long run.
If you are looking for something to fully automate and market your book, Kbookpromotions is definitely worth the money.
Here's the link: https://goo.gl/vAOsXG ( They also have a 14 day trial for only $1.00. If you don't like it, just cancel it.. There's nothing to lose, all to gain :)
Also, in case anyone is skeptical.. there's a group of 1200 people using this software who all swap fourth ideas and help each other out. So not only is the support amazing, but they also have a great community to back it up!
If you have any questions, just chuck me a reply on this comment and I'll happily answer them :)
Check out KBookPromotions here: https://goo.gl/vAOsXG
( 14 day trial for $1.00 )
Hi, I had enough paperwork and information that was generated by that website so as to go into the bank and setup a business bank account. But that website won't setup a business bank account for you. Let me know if that answered your question.
If I'm an American citizen whose lived abroad ALL my life pretty much having been brought to another country could I set it up in whatever state like that? I have a SSN my mother got me as a teen. I've asked two lawyers and the US embassy here and everybody just says "I don't know."
As in to make a contract with an author and publish their books under your LLC? Well, that is what publishing companies do. But you need to make sure that the book you're going to publish is one that has a unique attribute to it that you know you can market, or the author has a fan base that will ensure book sales - but let's face it, that last one will be rare to find as a new publisher with no big name previous success. So, it comes down to "can you market that book and turn a profit." If the answer is yes, then you're in.
hi everyone ,if anyone else needs to find out about make money writing try Zamartar Kindle Cash Remedy (do a google search ) ? Ive heard some incredible things about it and my partner got excellent results with it.
+Trisha Hilborn actually that depends. Certain states in that list are ones that you can setup a "Virtual Office" for. When you do this, they will give you a place "place" in a physical office and allow you to use that as the place of business in that state...meaning your LLC can be legally setup in that state. That service will then forward your mail to you, and all is good ;) I don't live in Wyoming, but my office is setup in Wyoming and therefore my LLC was legally able to be setup in Wyoming, which has very beneficial tax benefits.
My sister passed only after starting a publishing co and publishing 5 or 6 books for others and was in the middle of putting together a deal to publish yet another... she included me in her comp before she passed, these ppl want me to publish their book. May I use my sister's ISBN number? I don't wanna assume her debts, the business has the family name. What do you think? By the way, your video was really informative!
Sorry, my condolences, happy to are carrying on her wishes. I'm praying for your successful like your sister. PEACE & ALWAYS LOVE TILL-TIME INDEFINITE FOREVER WHERE WE WILL SEE OUR LOVED ONES AGAIN ♡♡♡♡♡♡♡......
I'm hoping to start my own publishing company and this video helped alt. thanks! but I have a question, I'm looking to do ebooks but also print the books. Do you know a good printing company and what steps to take with that?
+Kindlepreneur Thank you! I do have another question. If you use CreateSpace to publish your books why start a company too? I am really looking into starting a independent publishing company but CreateSpace keeps coming up and deterring me away.
+Jasmine McAfee I use Createspace...it's owned by Amazon so its a print on demand. If someone buys the print book on Amazon, then Amazon will print the book and ship it to the person and send you the money..pretty easy for us. I just wrote an article that details the different between CreateSpace and another Print on Demand company called IngramSparks: http://kindlepreneur.com/ingramspark-vs-createspace-best-print-on-demand-services/
here's several things for making money online
Find a person who is already successful and become their student
Buy a simple course and follow it.
(I read these and why they work on Mackynzie magic method site )
+thomas daniels You can. Just make sure you know how to market it BEFORE you start writing it. Most people make the mistake of writing it and then after finishing it, they try to figure out how to sell it.
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