Am I a grownup yet?

[telophase]

I have just thrown money at a lawyer to assist me in setting up an official LLC for my cover art stuff, since it's now grown beyond just doing covers for friends. Once I get the official paperwork for that, the next step is getting a business checking account and moving the money I've got out of the checking account it's currently in into that.

Also, during the call I had yesterday with her, I found that if I have any business equipment (I suppose my computer would count?), I need to either declare it in the initial governing documents or set up an arrangement where I essentially lease it from myself. I will be, of course, clarifying exactly how that's going to work when we get to that point.

Batman.

Comments

[yhlee]

Congrats!

[telophase]

Thank you! :D

[affreca]

Congrats.

[telophase]

Thank you!

[thawrecka]

Exciting!

[telophase]

And scary! XD

[chomiji]

Congratulations! Wishing you all the best in your new endeavor!

Just for kicks I drew you a card from the Urban Tarot, and it gave you the 10 of Cups: "The Ten represents that happiness ["that fabled Happy Ever After"] stretching from this moment forward far into the future."

[telophase]

Thank you! And that's a good omen! XD

[green_knight]

Whee!

I'm not in your tax area, but around here, you either need to use equipment (including a room) only for the purpose of your business (a dedicated computer), or else write it off in the appropriate share (and how to calculate that is for accountants, so that's a question to ask of yours.)

[telophase]

Yeah, that's pretty much the same here, too. I'm going to have to ask them (the main lawyer in this 3-person firm is also a CPA, which is one of the reasons I went with them) about the details. I suspect the setup where I lease the computer from myself for my business may be the way I go, but I could easily be wrong!

[selenite0]

Congratulations on leveling up!

[telophase]

Thank you! :D

[thomasyan]

Congrats!

Do you do cover art for any non-fiction books? I have a small idea that I haven't seen anywhere, so I wonder if I could monetize it somehow, and a self-published book is maybe one possibility....

[telophase]

Thank you!

And I'd totally be up for that. :)

[thistleingrey]

sounds awesome!

[telophase]

Thank you!

[mme_hardy]

Hooray for you!

[telophase]

Thank you! XD

[umadoshi]

Hooray! *^^*

[telophase]

Thank you!

[havocthecat]

Oh, jeez, incorporation.

I'm getting the "wow, this sounds like work" shivers.

Go, you!

[telophase]

Thank you!