By Lanee’ Blunt
Owning a publishing company
is a rewarding experience. You can publish your own books and take in
manuscripts from others and become a small publisher. When you are starting out
you can work from a home office. Start a publishing company by operating as a
sole proprietorship the start up cost is low; no employees are required and
publish books right away with minimum overhead.
Apply for a sole proprietorship. If your publishing company is going to have a name
other than your own you will need a “doing business as” (DBA). You will have to
apply for a DBA. You have to file a “fictitious name” or “Doing Business As”
(DBA) registration form. In some states, you have to register a DBA with the
state government or the county clerk’s office. You will need your driver’s
license or state ID card with your application. Legal title to the assets of
the publishing company is yours the liabilities and the equity of the publishing
company are part of your net worth. You will have full risk as a sole
proprietorship.
Apply for an employee identification number (EIN) with the federal government. Fill-out the necessary
forms and send them back to the federal government and they will return it to
you with your EIN number. As a sole proprietorship when you hire employees you
need to use the EIN.
You will need a budget of
$3,000 to $5,000 to publish a book. The cost will be more if the book will be
unusually large or in full color. Printing expense for most printers will
require you to pay one third of the money to start, one third when the book is
ready to print and the other third of the money will be due upon completion.
Promote your book.
Reference:
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