{"id":10509,"date":"2018-01-16T03:00:01","date_gmt":"2018-01-16T03:00:01","guid":{"rendered":"https:\/\/kindlepreneur.com\/?p=10509"},"modified":"2021-05-28T11:11:08","modified_gmt":"2021-05-28T11:11:08","slug":"e12-setting-book-publishing-company","status":"publish","type":"podcast","link":"https:\/\/kindlepreneur.com\/e12-setting-book-publishing-company\/","title":{"rendered":"Setting Up a Book Publishing Company"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><a href=\"https:\/\/kindlepreneur.com\/itunes\"><img loading=\"lazy\" decoding=\"async\" width=\"180\" height=\"60\" src=\"https:\/\/kindlepreneur.com\/wp-content\/uploads\/2017\/12\/Subscribe-to-Book-Marketing-Show-Podcast-on-iTunes.png\" alt=\"\" class=\"wp-image-10134\"\/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/kindlepreneur.com\/GooglePlay\"><img loading=\"lazy\" decoding=\"async\" width=\"180\" height=\"60\" src=\"https:\/\/kindlepreneur.com\/wp-content\/uploads\/2017\/12\/Subscribe-to-Book-Marketing-Podcast-on-Google-Play.png\" alt=\"\" class=\"wp-image-10133\"\/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/kindlepreneur.com\/stitcher\"><img loading=\"lazy\" decoding=\"async\" width=\"180\" height=\"60\" src=\"https:\/\/kindlepreneur.com\/wp-content\/uploads\/2017\/12\/Subscribe-to-Book-Marketing-Show-Podcast-on-Stitcher.png\" alt=\"\" class=\"wp-image-10132\"\/><\/a><\/figure>\n\n\n\n<div class=\"podcast-box\"><iframe loading=\"lazy\" style=\"border: none;\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/6151783\/height\/90\/theme\/custom\/autoplay\/no\/autonext\/no\/thumbnail\/yes\/preload\/no\/no_addthis\/no\/direction\/backward\/render-playlist\/no\/custom-color\/204a83\/\" width=\"100%\" height=\"90\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/div>\n\n\n\n<p>Some things you want to consider when setting up a publishing company as a business entity are your tax incentives and how much you want to protect your personal assets, such as royalties and copyright.<\/p>\n\n\n\n<p>While there are tax incentives, they depend on factors like how much you make and where you are located, as well as what type of company you create. It\u2019s important to consider this information before deciding to create a <a href=\"https:\/\/kindlepreneur.com\/best-self-publishing-companies\/\">publishing company<\/a>.<\/p>\n\n\n\n<p>As an author, you should start thinking about setting up a business when you begin collecting around $1,000 or more per month in the U.S.<\/p>\n\n\n\n<p>One reason for this is so that it\u2019s not all subject to employment taxes for you, as an individual. Forming an LLC, taxed as an S-corp or C-corp, depends on your income and these would be good options to discuss with a lawyer or CPA.<\/p>\n\n\n\n<p>When it comes to copyright, having that under a different LLC than where royalties are held will separate your cash in the event someone asserts a claim against whoever owns the copyright. Having the copyright under an LCC, separate from your personal assets also protects it in the event you are personally sued.<\/p>\n\n\n\n<p>If you reside outside the U.S., though, any distributor that's going to pay you royalties is going to withhold 30 percent. The key to mitigating this is establishing a domicile in the U.S. by doing it with a business entity. Coons suggests using Wyoming for his international clients set up an LLC in because it\u2019s relatively inexpensive to do so in that state.<\/p>\n\n\n\r\n<section class=\"standard-cta testimonial nohover\" id=\"cta-block_60a2b4d918236\">\r\n    <div class=\"cta-inner row\">\r\n                    <div class=\"cta-media col-md-4\">\r\n                                    <div class=\"cta-media-inner\">\r\n                    \r\n                        <a href=\"https:\/\/kindlepreneur.com\/click\/rocket-in-content\" alt=\"Get Rocket Now\" target=\"_blank\" rel=\"nofollow noreferrer noopener\">                        \r\n                        \r\n                        \r\n                        <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/kindlepreneur.com\/wp-content\/uploads\/2021\/05\/KDP-Rocket-Box-copy-4.png\" alt=\"KDP Rocket Box copy\" height=\"274\" width=\"250\">\r\n                        \r\n                        <\/a>                    <\/div>\r\n                            <\/div>\r\n        \r\n        <div class=\"cta-body col-md-8\" style=\"text-align:center;\">  \r\n                            <a class=\"cta-heading\" href=\"https:\/\/kindlepreneur.com\/click\/rocket-in-content\" alt=\"Get Rocket Now\">\r\n                            <h3>Best Book Marketing Software<\/h3>\r\n                            <\/a>\r\n                        \r\n            <p>Over 47,000+ authors, NYT bestsellers, and publishing companies use Publisher Rocket to gain key insight to the market.\u00a0<b>Help your book now<\/b><\/p>\n            <a class=\"offer-button\" href=\"https:\/\/kindlepreneur.com\/click\/rocket-in-content\" alt=\"Get Rocket Now\" target=\"_blank\" rel=\"nofollow noreferrer noopener\">Get Rocket Now<\/a>        <\/div>\r\n\r\n            <\/div>\r\n<\/section>\r\n\r\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bio-of-the-author-in-the-case-study\">Bio of the Author in the Case Study:<\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignright\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/kindlepreneur.com\/wp-content\/uploads\/2018\/01\/clint-coons-setting-up-book-publishing-company-300x300.jpg\" alt=\"clint coons setting up book publishing company\" class=\"wp-image-10508\" srcset=\"https:\/\/kindlepreneur.com\/wp-content\/uploads\/2018\/01\/clint-coons-setting-up-book-publishing-company-300x300.jpg 300w, https:\/\/kindlepreneur.com\/wp-content\/uploads\/2018\/01\/clint-coons-setting-up-book-publishing-company-150x150.jpg 150w, https:\/\/kindlepreneur.com\/wp-content\/uploads\/2018\/01\/clint-coons-setting-up-book-publishing-company.jpg 442w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>Clint Coons is a founding partner of Anderson Law Group and current manager of Anderson\u2019s Tacoma office. Mr. Coons\u2019 book, Asset Protection for Real Estate Investors, has brought him national recognition as an expert in protection and tax planning for real estate investors.<\/p>\n\n\n\n<p>His practice involves the structuring of land trusts, limited liability companies, and other business forms to shield investors from the myriad of challenges facing them in the new economy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-resources-referred-to-in-this-episode\">Resources Referred to in this Episode:<\/h2>\n\n\n\n<ul><li>Clint Coons <a href=\"https:\/\/www.amazon.com\/Clint-Coons\/e\/B00FK0VHO8\/\" target=\"_blank\" rel=\"noopener noreferrer\">Author Page<\/a><\/li><li>His Book, <a href=\"https:\/\/www.amazon.com\/Asset-Protection-Real-Estate-Investors\/dp\/0979786045\/ref=la_B00FK0VHO8_1_1?s=books&ie=UTF8&qid=1515524764&sr=1-1\" target=\"_blank\" rel=\"noopener noreferrer\">Asset Protection for Real Estate Investors<\/a><\/li><li><a href=\"https:\/\/kindlepreneur.com\/how-to-start-a-publishing-company\/\" target=\"_blank\" rel=\"noopener noreferrer\">How to Start a Book Publishing Company<\/a> article on <a href=\"https:\/\/kindlepreneur.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Kindlepreneur<\/a><\/li><li><a href=\"https:\/\/andersonadvisors.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Anderson Advisors<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>When it\u2019s a good idea for an author to start thinking about starting a publishing company? One reason would be to start publishing other people\u2019s works. Another would be to prevent your financial assets from could end up in someone else&#8217;s possession if you were sued.<\/p>\n<p>My lawyer, Clint Coons of Anderson Advisory talks about the steps authors can take to start a publishing company, including authors from outside the United States.<\/p>\n","protected":false},"author":67,"featured_media":16903,"parent":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"inline_featured_image":false,"footnotes":""},"categories":[3887,31],"tags":[3878],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.9 (Yoast SEO v22.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Setting Up a Book Publishing Company | Kindlepreneur<\/title>\n<meta name=\"description\" content=\"Ever thought about setting up your own book publishing company? 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