I’ve mentioned this once or twice, but I’m preparing to self-publish my science-fiction novel Reborn City (still being looked over by a friend at this moment, hope for some new news soon). I’ve also mentioned that I’ll be starting up my own independent publishing press, both as a way to gain more legal control over my published work and as a way to gain maximum profit if, God-willing, my books are picked up by a major publishing company.
Well, I contacted Ohio State’s Student Legal Services to see if they had any advice in that area, because I have no idea whether or not forming these sorts of businesses requires any paperwork to be filed or fees to be paid to the state or whatever. They emailed me today, about an hour after I’d sent my email to them, attaching a document with all the different business types here in Ohio and what was required to create any of them. Looking over the document, I think my best bet would be to create a sole proprietorship, which would give me all the control over the business and its assets, and all I’d have to do would be to file a form with Ohio’s Secretary of State if I’m using a business name other than my own (which I plan to do). I’ll probably download both the document SLS sent me and the forms for the business once I can get to a printer, so until then I’ll be making sure no one else has the name I plan to use for the press (I’ll let you know what it is as soon as the paperwork’s filed and I have everything in order).
You know, this self-publishing process is easier than I thought it might be. So far, the only fees I might accrue are copyright and trademark fees, especially given I’ll be formatting my work as e-books and the sites I’ll be using don’t charge for the formatting. Hopefully my books will be successful as well (fingers crossed). Now I just have to put the final touches on Reborn City, get a cover, set up the business, set a release date, and do some advertising. Not too much trouble, right?
I would still consult with a lawyer face to face. In a sole proprietorship you answer for all your entity’s responsibilities, income and loss (meaning its taken or added directly to your personal income), and even if someone decides to sue you for plagiarism or anything else, they’ll be suing you personally and not your company. It’s better to be safe, nowadays we have all kinds of nut jobs around. But kudos to you on self publishing!!
I’m thinking of doing the same, but I’d only establish a press if my sales numbers were good enough and my name strong enough.
thanks, i plan to talk to my uncle who’s a lawyer (check my next post), and i will definitely do my research.
and i’m hoping that my sales will be good. if i can get half a semester’s payment paid with royalties, i’ll consider this a success.