Starting a company for comic writers... LLC or Sole Proprietorship?
After figuring out I wanted to write comics (graphic novels, manga, etc.) and writing several scripts, I knew I had to hire and pay an artist a proper wage before I had my comic . ... So... I knew I needed to start a company... maybe? Why? Well, for one thing, you can write off loses on taxes which can help the first couple years. Also, if you ever start making a profit, you can deduct expenses before you pay taxes as well... and... well, I had heard I should start a business for this stuff, right? I just had to figure out the structure for the business. I am in the USA , so I had a couple options: Sole Proprietorship Business Partnership Limited Liability Company (LLC) Corporation By the way, the U.S. Small Business Administration has a great site to guide you through this. I don't have any partners in my business and I don't plan on being a Corporation at this point (too big), so I threw out Partnership and Corporation. That left me with Sole Propri...