A Pocket Business Guide for Artists & Designers: 100 Things by Alison Branagan

By Alison Branagan

Aimed at arts graduates, this convenient pocket advisor solutions the main urgent questions graduates have while establishing an inventive company. Many scholars who graduate from artwork institution do not know tips to make a dwelling out in their paintings, yet this e-book provides a hundred precious enterprise comparable issues (explained in 250 phrases or much less) that they need to understand earlier than embarking on a profession within the arts. The booklet is split into five sections that would aid visible artists be successful during this aggressive box: company, advertising, criminal stuff, cash and final techniques. in brief, it in brief covers all of the major questions arts scholars can have approximately beginning their careers.

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89. You should start thinking about registration, whatever the amount you think you will earn. If you intend to trade, even if you will be making a loss, then you should register. There can be advantages to registration even if, initially, you are making a loss or only trading on an ad hoc basis. 89. If you have a job and are also working for your own clients or selling products outside your working hours, you should be aware that in most cases this counts as trading and you should register as self-employed.

Many creatives who have not attended these colleges have secured representation by a direct approach. There are several types of representatives: some are limited by territory, for example UK only, US only, Japan only or worldwide; others combine limitation by territory with a particular area of trade, such as editorial, advertising, publishing and prints. You can approach some sales and licensing agents to work on your behalf. If they are interested, they will travel around the country with your samples, taking orders from small shops and seeking merchandising deals with manufacturers and gift companies.

If you use your personal account for business purposes, HM Revenue & Customs (HMRC) now has greater powers to examine your personal bank account, going back over several years, if it suspects wrongdoing. HMRC can investigate your business account if it suspects tax evasion or has other concerns. 3. If you have a business account, it will enable you to apply for a business loan. 4. Having a business account separates your business and current accounts, simplifying the task of book-keeping and enabling you to manage your income and tax details more effectively.

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