Introduction
Launch Your Author Career: Essential Steps to Starting Your Business
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So you want to be a writer... (15:55)
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The basic entity types (the deep dive into each is a separate master class) (5:32)
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Quiz - What type of entity do you think you should be?
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Business vs. hobby (5:46)
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High-level Tax Breakdown: Income Taxes, Estimated Taxes, Self-Employment Taxes, Sales and Use Taxes, and VAT (5:18)
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EIN (Employer Identification Number is also known as a Federal Tax Identification Number)
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Timing: cash vs. accrual (aka WHEN do you record income and expenses) (5:57)
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LLC "protection" (2:33)
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Choosing a pen name, DBA, company name, and trademark searches (7:39)
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What to keep for records (1:26)
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Balance Sheet and Income Statement (6:19)
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Accounting tools to track income and expenses (3:02)
