Almost LegalThis is the tricky part. You will have to decide what type of company you want to start. Are you wanting to start a sole proprietorship? or an LLC? Or some other alphabetic combination? Once you have decided on that...you have to register the company and make sure the name you have chosen hasn't been used before...and then you walk into a bank and you say, "Hi, I'm here to open an account."
|Best personal Banker: Anita Trujillo|
Once the bank accounts were set up-- then you start business. At the beginning it will look like the only direction the money is flowing is out. You are paying the editor, the website designer, the printer....but I'm getting ahead of myself....that is for future posts.
There are others far more proficient than myself in the dos and don'ts of starting a publishing company. You should check out some of their advice and tips.
See what Erica Liodice has to say on her blog post "How to Start Your Own Publishing Company" Her post is good because she covers all the angles- from self publishing companies to starting a publishing company to publish other people's books. Shelley Hitz gives some excellent tips from lessons she and her husband learned on the journey of starting a publishing company. Another post which has a wealth of information- especially in regards to the legalities of setting up the business and the tax side of things is done by Dave Chesson.
Ultimate Guide on How to start a publishing Company
I wish I could say I read all these articles before I started....I didn't. I did a lot of research over the past year. I asked a lot of questions. When I stumbled on these articles (and many others) I appreciated every word of advice given. I took each tip to heart, and studied to see if it was something that would work for my publishing company.
Well, I have to go and look over the proof copy which was just sent to me by the printers. I will definitely be blogging about them in upcoming posts, because they have made this publishing process that much easier. They have sent me the proof earlier than I expected. The company did an excellent job. I look forward to returning the Design proof form and getting things rolling for this first book to fly off the presses!