I understand that some authors create LLC's for themselves. Basically, this makes it easier to write writing-related stuff off as a business expense and handles sticky issues like who gets creative control of your work if you die.
My husband and I both write, and my husband's parents supplement their income by being musicians. We'd like to be able to form a business where things like instruments and laptops could be considered write-offs and we'd have no questions about royalties or creative control or any of that stuff if one or more of us passed away.
I know that I'm not going to find all the answers here...I'm planning to visit a lawyer very soon...but I remember seeing authors setting up LLC's mentioned on another thread (which I cannot find for the life of me) and was wondering if anyone here had any personal stories, anecdotes, warnings, or whatnot to share on the subject before I jumped in headfirst.
My husband and I both write, and my husband's parents supplement their income by being musicians. We'd like to be able to form a business where things like instruments and laptops could be considered write-offs and we'd have no questions about royalties or creative control or any of that stuff if one or more of us passed away.
I know that I'm not going to find all the answers here...I'm planning to visit a lawyer very soon...but I remember seeing authors setting up LLC's mentioned on another thread (which I cannot find for the life of me) and was wondering if anyone here had any personal stories, anecdotes, warnings, or whatnot to share on the subject before I jumped in headfirst.