In a previous blog post, I stated how I was forming a limited liability company (LLC) to publish my books. For the LLC, I completed the short application and long operating agreement, then decided to see what the wizard Google had to say about all of this (you would think I would have done this first).
I originally got the idea from podcasts and articles by authors who publish multiple books. They made me think it would be a good idea to start off self-publishing under the umbrella of a company. “Treat your writing like a business,” they proclaimed.
From my advisor Google, I found articles from authors and others who questioned the advantages of an LLC. At least for beginning authors. Most people publish under a sole proprietorship, meaning they are personally responsible and liable for everything.
Forming a company does not necessarily isolate an author from liability. However, liability was not the reason I considered an LLC.
It was to help me be serious about self-publishing and treat it like a business. I rethought my decision after one author wrote about the need for beginning authors to minimize expenses.
Forming an LLC in North Carolina cost $125. The annual report (really a tax) is $200 a year. This also got me thinking about complications since every year I would need to file a report (and the tax forms!).
Self-publishing is already complicated enough. Did I really want to add to my already complicated self-publishing attempt with managing an LLC?
I decided not to form one. I’ll still treat my self-publishing like a business. However, first I’ll get my books published and see where that goes. Hopefully, someone will read what I wrote.