Making your Art a Formal Business

Road to Exhibition Preparation: Creating your Branding Assets
1 minutes
Share the link to this page
Copied
  Completed
You need to have access to the item to view this lesson.
One-time Fee
$69.99
List Price:  $99.99
You save:  $30
€62.24
List Price:  €88.92
You save:  €26.67
£52.75
List Price:  £75.36
You save:  £22.61
CA$97.40
List Price:  CA$139.15
You save:  CA$41.75
A$109.38
List Price:  A$156.26
You save:  A$46.88
S$90.84
List Price:  S$129.78
You save:  S$38.93
HK$544.39
List Price:  HK$777.74
You save:  HK$233.34
CHF 58.18
List Price:  CHF 83.13
You save:  CHF 24.94
NOK kr727.38
List Price:  NOK kr1,039.16
You save:  NOK kr311.78
DKK kr464.37
List Price:  DKK kr663.42
You save:  DKK kr199.04
NZ$118.87
List Price:  NZ$169.82
You save:  NZ$50.95
د.إ257.07
List Price:  د.إ367.26
You save:  د.إ110.18
৳8,531.88
List Price:  ৳12,188.92
You save:  ৳3,657.04
₹5,975.20
List Price:  ₹8,536.37
You save:  ₹2,561.16
RM301.06
List Price:  RM430.10
You save:  RM129.04
₦112,688.09
List Price:  ₦160,989.89
You save:  ₦48,301.80
₨19,730.13
List Price:  ₨28,187.10
You save:  ₨8,456.97
฿2,309.67
List Price:  ฿3,299.67
You save:  ฿990
₺2,711.88
List Price:  ₺3,874.29
You save:  ₺1,162.40
B$397.12
List Price:  B$567.34
You save:  B$170.22
R1,272.30
List Price:  R1,817.66
You save:  R545.35
Лв121.62
List Price:  Лв173.76
You save:  Лв52.13
₩97,992.28
List Price:  ₩139,994.98
You save:  ₩42,002.69
₪248.87
List Price:  ₪355.54
You save:  ₪106.67
₱3,880.98
List Price:  ₱5,544.49
You save:  ₱1,663.51
¥10,169.54
List Price:  ¥14,528.54
You save:  ¥4,359
MX$1,366.38
List Price:  MX$1,952.06
You save:  MX$585.67
QR254.83
List Price:  QR364.06
You save:  QR109.23
P953.17
List Price:  P1,361.73
You save:  P408.56
KSh9,053.20
List Price:  KSh12,933.70
You save:  KSh3,880.50
E£3,542.75
List Price:  E£5,061.29
You save:  E£1,518.53
ብር9,421.13
List Price:  ብር13,459.34
You save:  ብር4,038.20
Kz63,830.88
List Price:  Kz91,190.88
You save:  Kz27,360
CLP$65,887.18
List Price:  CLP$94,128.58
You save:  CLP$28,241.40
CN¥505.70
List Price:  CN¥722.46
You save:  CN¥216.76
RD$4,131.65
List Price:  RD$5,902.61
You save:  RD$1,770.96
DA9,313.64
List Price:  DA13,305.77
You save:  DA3,992.13
FJ$159
List Price:  FJ$227.15
You save:  FJ$68.15
Q539.19
List Price:  Q770.30
You save:  Q231.11
GY$14,646.40
List Price:  GY$20,924.33
You save:  GY$6,277.92
ISK kr9,142.09
List Price:  ISK kr13,060.69
You save:  ISK kr3,918.60
DH648.26
List Price:  DH926.13
You save:  DH277.86
L1,196.51
List Price:  L1,709.38
You save:  L512.86
ден3,833.49
List Price:  ден5,476.65
You save:  ден1,643.16
MOP$560.81
List Price:  MOP$801.19
You save:  MOP$240.38
N$1,306.98
List Price:  N$1,867.19
You save:  N$560.21
C$2,583.28
List Price:  C$3,690.56
You save:  C$1,107.28
रु9,492.56
List Price:  रु13,561.38
You save:  रु4,068.82
S/257.39
List Price:  S/367.72
You save:  S/110.32
K284.03
List Price:  K405.78
You save:  K121.74
SAR262.52
List Price:  SAR375.04
You save:  SAR112.52
ZK1,947.17
List Price:  ZK2,781.79
You save:  ZK834.62
L318.51
List Price:  L455.04
You save:  L136.52
Kč1,552.65
List Price:  Kč2,218.17
You save:  Kč665.52
Ft25,173.83
List Price:  Ft35,964.16
You save:  Ft10,790.32
SEK kr679.74
List Price:  SEK kr971.11
You save:  SEK kr291.36
ARS$77,862.84
List Price:  ARS$111,237.40
You save:  ARS$33,374.55
Bs485.21
List Price:  Bs693.19
You save:  Bs207.97
COP$301,155.02
List Price:  COP$430,239.90
You save:  COP$129,084.88
₡35,459.16
List Price:  ₡50,658.12
You save:  ₡15,198.95
L1,821.77
List Price:  L2,602.65
You save:  L780.87
₲562,262.91
List Price:  ₲803,267.16
You save:  ₲241,004.24
$U2,923.98
List Price:  $U4,177.30
You save:  $U1,253.31
zł263.74
List Price:  zł376.79
You save:  zł113.05
Already have an account? Log In

Transcript

As an artist, your aim is to get your work known and ultimately you may want to make a living out of it. And this means to sell your artwork. One consideration that you might think about is to do it formally. That is to create a company for your artists activity. Concrete concretely, what this means is that you will have to declare to finance or tax authorities the income that you get from sales of your artwork. This also implies that you will be taxed on your benefits or profit on these sales.

While you can see this as additional administrative work, this clearly one advantage which is non negligible. It is that you may be able to deduct your art activity costs from your income tax. For example, this can be cost of art material, gear like camera and lenses, office supplies expenses, which basically are costs for running your business. Artist activity and outward selling laws are different across continents, countries and states. Make sure you know them and seek a tax advisor to assess your situation. inform yourself about laws for selling out in your country of residence.

Sign Up

Share

Share with friends, get 20% off
Invite your friends to LearnDesk learning marketplace. For each purchase they make, you get 20% off (upto $10) on your next purchase.