The document provides information for creative professionals on starting and running a small business. It discusses the importance of having a business plan and proper business formalities like legal entity structure and tax IDs. It covers topics like accounting, taxes, legal considerations, intellectual property including copyrights and trademarks, and strategies for small business development and creative cooperatives. The goal is to help creative individuals understand how to formalize and grow their creative work into a sustainable business.
Small business development for creative businesses - basic information for artists of all types. Includes very brief overview of copyright issues in art.
This document provides an overview of intellectual property concepts including copyright, patents, trademarks, and creative commons licenses. It defines these terms and outlines some key aspects of copyright law such as duration of protection, limitations like fair use, and how to obtain copyright protection. The document also discusses related topics like public domain works, licensing agreements, work for hire doctrine, and the need for releases to use private likenesses. The goal is to help creators understand how to protect their work and properly use the creative works of others.
This document provides information and guidance for creative individuals looking to develop their art or craft into a small business. It discusses the importance of having a business plan and proper business structure and formalities. It also covers topics like accounting, taxes, intellectual property, copyright, partnerships, and strategies for small business growth. The overall message is that to succeed creatively and financially, artists need to treat their creative work as both an art and a business.
Peter Blatt, J.D. LL.M. and principle of Blatt Financial Group and Blatt Legal, PLC in Palm Beach Gardens, FL, in partnership with SCORE Palm Beach delivered this presentation to small business owners on February 19th, 2012 at Keiser University in West Palm Beach
This document provides an overview of a presentation on fraud, finance, and crisis management for nonprofits. It discusses increasing IRS scrutiny of nonprofits and rising instances of nonprofit fraud. It covers financial accountability, compliance, oversight, and transparency. It also addresses risk management, embezzlement, responding to fraud, and crisis management strategies for nonprofits facing financial difficulties.
Flora, Indiana celebrated the 100th anniversary of the Indianapolis Motor Speedway. The Flora Community Club sponsored the event to commemorate the historic race track. Visitors to Flora were thanked for their attendance as part of the anniversary celebration.
This document summarizes a presentation about financial accountability and risk management for nonprofits. The presentation covers compliance with government regulations, accountability through financial policies and oversight, identifying and managing risks, and crisis management strategies. It provides tips and checklists for preventing fraud, responding to financial crises, and maintaining public trust through transparency and ethical practices.
Small business development for creative businesses - basic information for artists of all types. Includes very brief overview of copyright issues in art.
This document provides an overview of intellectual property concepts including copyright, patents, trademarks, and creative commons licenses. It defines these terms and outlines some key aspects of copyright law such as duration of protection, limitations like fair use, and how to obtain copyright protection. The document also discusses related topics like public domain works, licensing agreements, work for hire doctrine, and the need for releases to use private likenesses. The goal is to help creators understand how to protect their work and properly use the creative works of others.
This document provides information and guidance for creative individuals looking to develop their art or craft into a small business. It discusses the importance of having a business plan and proper business structure and formalities. It also covers topics like accounting, taxes, intellectual property, copyright, partnerships, and strategies for small business growth. The overall message is that to succeed creatively and financially, artists need to treat their creative work as both an art and a business.
Peter Blatt, J.D. LL.M. and principle of Blatt Financial Group and Blatt Legal, PLC in Palm Beach Gardens, FL, in partnership with SCORE Palm Beach delivered this presentation to small business owners on February 19th, 2012 at Keiser University in West Palm Beach
This document provides an overview of a presentation on fraud, finance, and crisis management for nonprofits. It discusses increasing IRS scrutiny of nonprofits and rising instances of nonprofit fraud. It covers financial accountability, compliance, oversight, and transparency. It also addresses risk management, embezzlement, responding to fraud, and crisis management strategies for nonprofits facing financial difficulties.
Flora, Indiana celebrated the 100th anniversary of the Indianapolis Motor Speedway. The Flora Community Club sponsored the event to commemorate the historic race track. Visitors to Flora were thanked for their attendance as part of the anniversary celebration.
This document summarizes a presentation about financial accountability and risk management for nonprofits. The presentation covers compliance with government regulations, accountability through financial policies and oversight, identifying and managing risks, and crisis management strategies. It provides tips and checklists for preventing fraud, responding to financial crises, and maintaining public trust through transparency and ethical practices.
Small business for Creative Types 2024.pptxMiriam Robeson
This document provides information on developing a small creative business. It discusses why becoming a business is beneficial, such as for making money, staying organized, and gaining credibility. It outlines topics small creative business owners should understand like business plans, legal structures, accounting, taxes, contracts, and intellectual property. The document emphasizes the importance of treating creative work like a business and having the necessary paperwork and compliance. It provides advice on growing the business through financing, hiring employees or collaborating with other artists. Resources for small businesses are also listed.
This document provides an introduction to copyrights and trademarks. It begins with a disclaimer stating that the information provided is for general information only and does not constitute legal advice. It then provides definitions and explanations of what constitutes a copyrightable work under US law, how long copyrights last, derivative works, and benefits of copyright registration. It also defines what a trademark is, how to search for trademarks, and the trademark application process. Key differences between copyright and trademark are highlighted. The document is intended to give a broad overview of these intellectual property topics.
This document provides an overview of key intellectual property concepts including copyright, trademarks, trade secrets, and licenses. Copyright protects original creative works, trademarks protect brands and source indicators, and trade secrets protect confidential business information as long as secrecy is maintained. Proper registration, notices, and contractual agreements can strengthen protections for these different types of intellectual property.
The document provides advice and information for starting a new business or technology startup. It discusses legal structures, locations, accounting, taxes, finding clients, funding options including angel investors and venture capital, incubators, and the challenges of launching and running a startup. Key points include choosing a legal entity like an LLC or S-corp, developing a business plan, networking to find clients and investors, the long hours involved, and seeking funding from various sources to commercialize ideas.
This document provides an overview of important considerations for starting a new business, including structure, intellectual property, relationships, and data privacy. It discusses:
1) Key reasons why businesses fail center around poor planning, including inadequate market research, financial management, and leadership skills.
2) The importance of establishing a structure that provides operational flexibility, asset protection, and tax benefits, such as a Pty Ltd company.
3) Identifying and protecting key intellectual property like patents, copyrights, trademarks, and confidential information from the start.
4) Formalizing important relationships with founders, employees, customers, suppliers through agreements that allocate ownership, responsibilities, and minimize risks.
The document summarizes a capacity building seminar on starting and financing a small business. It discusses assessing one's suitability to be an entrepreneur, choosing a business type, developing a business plan, testing business ideas, registering the business, marketing strategies, accounting practices, online presence, intellectual property, licensing, and methods for raising startup funds. The seminar provided information to guide attendees on establishing and supporting a small business.
A presentation of legal issues with which a fashion startup should be familiar. Companies dealing in consumer goods and/or services would also benefit from the topics presented. Presented by Fabio Silva, a fashion law attorney licensed to practice in NY, CA and DC. Fabio Silva has represented BURBERRY, Tory Burch, Fab.com and Giorgio Armani during his career and is now in private practice (FRSilva Law). In addition to his law degree (Stanford Law School), he also holds a fashion design degree (Parsons School of Design).
All entrepreneurs and small business owners encounter a number of critical legal issues as they open or expand their companies. Learn more about the legal decisions you’ll have to make as you set up your business, identify your customers and suppliers and protect yourself from liability.
This document provides an introduction to key concepts in intellectual property law, including copyright, trademarks, trade secrets, and contract drafting issues for designers. It defines these concepts, outlines how they are protected and enforced, and discusses best practices for protecting one's own intellectual property. Key topics covered include what qualifies for copyright and trademark protection, how long protections last, registering intellectual property, infringement, and components of effective contracts and non-disclosure agreements.
Intellectual Property & Contracting Issues for Web & Graphic Designersdesandro
This document provides an introduction to key concepts in intellectual property law, including copyright, trademarks, trade secrets, and contract drafting issues for designers. It defines these concepts, outlines how they are protected and enforced, and discusses best practices for protecting one's own intellectual property. Key topics covered include what qualifies for copyright and trademark protection, how long protections last, registering intellectual property, infringement, and components of effective contracts and non-disclosure agreements.
Startup Legal & IP (July2013 Founder Institute)Touraj Parang
Startup Legal Issues Facing Founders. From pre-formation, to incorporation, to IP strategy. What to expect to pay in legal fees and how to save money. Tips on hiring lawyers for your business effectively and efficiently. Technologies mentioned: Markify, http://upcounsel.com,
Touraj Parang explains possibly legal challenges for startups and provides guidance for budding entrepreneurs. Parang covers all sorts of legal myths and prepares founders to approach legal challenges in an informed, strategic manner and properly protect their new company and product.
This content was produced for the 2013 summer semester of the Founder Institute by Founder Institute mentor Touraj Parang, COO of Upcounsel. Follow him on Twitter to learn more:
https://twitter.com/touraj
Patents protect new or inventive processes or products that could be used commercially. To be patented, an invention must be novel, inventive, and capable of industrial application. Key considerations for patenting include conducting a commercial assessment and understanding enforcement is the patent owner's responsibility. Trademarks protect distinctive signs that identify commercial source, like company logos and names. Registering a trademark formally establishes trademark rights but is not required. Copyright automatically protects original creative works and registering provides evidentiary benefits. Design rights protect the visual appearance or aesthetics of a design and registration provides formal rights for a limited term. Professional advice should be sought when working with intellectual property.
The document proposes creating a website to provide business resources and services. It would offer free templates, tutorials, news and basic legal/business information. Paid subscription packages would unlock more templates and tools like annual tax tracking. Extra fee-based services include company formation and legal/consulting work. The site aims to be the dominant online resource for businesses through valuable free content that also generates advertising revenue and paid memberships. It would have an easy navigation and appealing design to educate and help users solve business problems. The content would cover various industries and stages of business from planning to finance.
The document discusses key resources that underpin business models. It identifies four critical types of resources: physical, financial, human, and intellectual. Physical resources include company facilities and product/service assets. Financial resources include sources of funding like friends/family, crowdfunding, angels, venture capital. Human resources include qualified employees and mentors/coaches/advisors. Intellectual property resources are also discussed, including trademarks, copyrights, trade secrets, contracts, and patents. Different funding sources for ventures like banks, angels, micro-VC, traditional VC are also summarized.
When I reflect on the “Great Entrepreneurs” that I had the opportunity to work for, I am reminded by certain attributes that they all have in common. They were individuals that truly inspired their teams, made things happen helped people to grow and had an extraordinary ability to solve problems and find solutions
The document discusses key resources, cost structure, and financing for business models. It describes the four critical resources as physical, financial, human, and intellectual resources. It also outlines different types of physical and financial resources. The document then discusses cost structure and asks what key elements drive costs. Finally, it covers different sources of financing like banks, angels, venture capital, and the typical investment sizes, ownership stakes, and returns associated with each.
IP laws create legal protections for inventions, creative works, trademarks, and trade secrets to incentivize their creation. This addresses the problem that without these protections, ideas and innovations could be easily copied, preventing creators from profiting from what they produce. The standard IP laws include patent, copyright, trademark, and trade secret protections. Each type of IP protection has specific requirements around originality, ownership, scope of rights, and duration of protections. Emerging issues involve how these laws apply to new technologies like software and digital designs.
Michael Sandys's presentation to our Patent Box Workshop at Liverpool in London on 12 July 2013. The presentation deals with why commercialize IP, licensing IP, types of licences, licence terms, joint ventures and manufacturing licence agreements. It also contains a number of handy tips,
2024 BIZ Excel Business Planning CopyrightMiriam Robeson
This presentation discusses important legal considerations for business planning. It covers choosing a business entity, which is a decision that impacts legal protection, taxes, and operations. Limited liability companies and S corporations are typically preferred as they provide flexibility and tax benefits while protecting owners from liability. The presentation also provides an overview of business taxes, including sales tax, employment taxes, self-employment income tax, and common myths. It emphasizes the importance of consulting professionals for legal, tax, and intellectual property advice when starting and operating a business.
Small business for Creative Types 2024.pptxMiriam Robeson
This document provides information on developing a small creative business. It discusses why becoming a business is beneficial, such as for making money, staying organized, and gaining credibility. It outlines topics small creative business owners should understand like business plans, legal structures, accounting, taxes, contracts, and intellectual property. The document emphasizes the importance of treating creative work like a business and having the necessary paperwork and compliance. It provides advice on growing the business through financing, hiring employees or collaborating with other artists. Resources for small businesses are also listed.
This document provides an introduction to copyrights and trademarks. It begins with a disclaimer stating that the information provided is for general information only and does not constitute legal advice. It then provides definitions and explanations of what constitutes a copyrightable work under US law, how long copyrights last, derivative works, and benefits of copyright registration. It also defines what a trademark is, how to search for trademarks, and the trademark application process. Key differences between copyright and trademark are highlighted. The document is intended to give a broad overview of these intellectual property topics.
This document provides an overview of key intellectual property concepts including copyright, trademarks, trade secrets, and licenses. Copyright protects original creative works, trademarks protect brands and source indicators, and trade secrets protect confidential business information as long as secrecy is maintained. Proper registration, notices, and contractual agreements can strengthen protections for these different types of intellectual property.
The document provides advice and information for starting a new business or technology startup. It discusses legal structures, locations, accounting, taxes, finding clients, funding options including angel investors and venture capital, incubators, and the challenges of launching and running a startup. Key points include choosing a legal entity like an LLC or S-corp, developing a business plan, networking to find clients and investors, the long hours involved, and seeking funding from various sources to commercialize ideas.
This document provides an overview of important considerations for starting a new business, including structure, intellectual property, relationships, and data privacy. It discusses:
1) Key reasons why businesses fail center around poor planning, including inadequate market research, financial management, and leadership skills.
2) The importance of establishing a structure that provides operational flexibility, asset protection, and tax benefits, such as a Pty Ltd company.
3) Identifying and protecting key intellectual property like patents, copyrights, trademarks, and confidential information from the start.
4) Formalizing important relationships with founders, employees, customers, suppliers through agreements that allocate ownership, responsibilities, and minimize risks.
The document summarizes a capacity building seminar on starting and financing a small business. It discusses assessing one's suitability to be an entrepreneur, choosing a business type, developing a business plan, testing business ideas, registering the business, marketing strategies, accounting practices, online presence, intellectual property, licensing, and methods for raising startup funds. The seminar provided information to guide attendees on establishing and supporting a small business.
A presentation of legal issues with which a fashion startup should be familiar. Companies dealing in consumer goods and/or services would also benefit from the topics presented. Presented by Fabio Silva, a fashion law attorney licensed to practice in NY, CA and DC. Fabio Silva has represented BURBERRY, Tory Burch, Fab.com and Giorgio Armani during his career and is now in private practice (FRSilva Law). In addition to his law degree (Stanford Law School), he also holds a fashion design degree (Parsons School of Design).
All entrepreneurs and small business owners encounter a number of critical legal issues as they open or expand their companies. Learn more about the legal decisions you’ll have to make as you set up your business, identify your customers and suppliers and protect yourself from liability.
This document provides an introduction to key concepts in intellectual property law, including copyright, trademarks, trade secrets, and contract drafting issues for designers. It defines these concepts, outlines how they are protected and enforced, and discusses best practices for protecting one's own intellectual property. Key topics covered include what qualifies for copyright and trademark protection, how long protections last, registering intellectual property, infringement, and components of effective contracts and non-disclosure agreements.
Intellectual Property & Contracting Issues for Web & Graphic Designersdesandro
This document provides an introduction to key concepts in intellectual property law, including copyright, trademarks, trade secrets, and contract drafting issues for designers. It defines these concepts, outlines how they are protected and enforced, and discusses best practices for protecting one's own intellectual property. Key topics covered include what qualifies for copyright and trademark protection, how long protections last, registering intellectual property, infringement, and components of effective contracts and non-disclosure agreements.
Startup Legal & IP (July2013 Founder Institute)Touraj Parang
Startup Legal Issues Facing Founders. From pre-formation, to incorporation, to IP strategy. What to expect to pay in legal fees and how to save money. Tips on hiring lawyers for your business effectively and efficiently. Technologies mentioned: Markify, http://upcounsel.com,
Touraj Parang explains possibly legal challenges for startups and provides guidance for budding entrepreneurs. Parang covers all sorts of legal myths and prepares founders to approach legal challenges in an informed, strategic manner and properly protect their new company and product.
This content was produced for the 2013 summer semester of the Founder Institute by Founder Institute mentor Touraj Parang, COO of Upcounsel. Follow him on Twitter to learn more:
https://twitter.com/touraj
Patents protect new or inventive processes or products that could be used commercially. To be patented, an invention must be novel, inventive, and capable of industrial application. Key considerations for patenting include conducting a commercial assessment and understanding enforcement is the patent owner's responsibility. Trademarks protect distinctive signs that identify commercial source, like company logos and names. Registering a trademark formally establishes trademark rights but is not required. Copyright automatically protects original creative works and registering provides evidentiary benefits. Design rights protect the visual appearance or aesthetics of a design and registration provides formal rights for a limited term. Professional advice should be sought when working with intellectual property.
The document proposes creating a website to provide business resources and services. It would offer free templates, tutorials, news and basic legal/business information. Paid subscription packages would unlock more templates and tools like annual tax tracking. Extra fee-based services include company formation and legal/consulting work. The site aims to be the dominant online resource for businesses through valuable free content that also generates advertising revenue and paid memberships. It would have an easy navigation and appealing design to educate and help users solve business problems. The content would cover various industries and stages of business from planning to finance.
The document discusses key resources that underpin business models. It identifies four critical types of resources: physical, financial, human, and intellectual. Physical resources include company facilities and product/service assets. Financial resources include sources of funding like friends/family, crowdfunding, angels, venture capital. Human resources include qualified employees and mentors/coaches/advisors. Intellectual property resources are also discussed, including trademarks, copyrights, trade secrets, contracts, and patents. Different funding sources for ventures like banks, angels, micro-VC, traditional VC are also summarized.
When I reflect on the “Great Entrepreneurs” that I had the opportunity to work for, I am reminded by certain attributes that they all have in common. They were individuals that truly inspired their teams, made things happen helped people to grow and had an extraordinary ability to solve problems and find solutions
The document discusses key resources, cost structure, and financing for business models. It describes the four critical resources as physical, financial, human, and intellectual resources. It also outlines different types of physical and financial resources. The document then discusses cost structure and asks what key elements drive costs. Finally, it covers different sources of financing like banks, angels, venture capital, and the typical investment sizes, ownership stakes, and returns associated with each.
IP laws create legal protections for inventions, creative works, trademarks, and trade secrets to incentivize their creation. This addresses the problem that without these protections, ideas and innovations could be easily copied, preventing creators from profiting from what they produce. The standard IP laws include patent, copyright, trademark, and trade secret protections. Each type of IP protection has specific requirements around originality, ownership, scope of rights, and duration of protections. Emerging issues involve how these laws apply to new technologies like software and digital designs.
Michael Sandys's presentation to our Patent Box Workshop at Liverpool in London on 12 July 2013. The presentation deals with why commercialize IP, licensing IP, types of licences, licence terms, joint ventures and manufacturing licence agreements. It also contains a number of handy tips,
2024 BIZ Excel Business Planning CopyrightMiriam Robeson
This presentation discusses important legal considerations for business planning. It covers choosing a business entity, which is a decision that impacts legal protection, taxes, and operations. Limited liability companies and S corporations are typically preferred as they provide flexibility and tax benefits while protecting owners from liability. The presentation also provides an overview of business taxes, including sales tax, employment taxes, self-employment income tax, and common myths. It emphasizes the importance of consulting professionals for legal, tax, and intellectual property advice when starting and operating a business.
How Purdue Extension provides education services to youth and adults and agriculture services to farmers. Purdue Extension reaches all 92 counties in Indiana. More than 4H - Extension services help with youth and adult education!
Nonprofit organizations face various risks that require careful management. These include administrative risks from failing to comply with paperwork and record keeping requirements, financial risks if accurate reporting and oversight are lacking, operational risks if leadership and engagement are insufficient, liability risks without appropriate insurance, and program/mission risks if the mission becomes outdated. Risk management involves identifying risks, understanding the potential consequences, and taking steps like compliance, independent financial review, leadership development, and mission evaluation to mitigate threats to the organization.
The document discusses key legal considerations for business planning, including choosing a business entity, understanding basic business taxes, intellectual property, and when to consult professionals. It notes that selecting an entity is a decision that impacts legal protection, operations, and tax planning. Typical choices are LLCs or S Corporations for their flexibility and tax benefits. The document also outlines sales tax, employment tax, self-employment tax, common business tax myths, and provides an overview of patents, trademarks, copyright, and consulting attorneys or other professionals for legal and intellectual property needs.
Planning for the transition of the family farm to the next generation is not a "one-size-fits-all" exercise. Just like many tools are needed on the farm, multiple planning tools should be used to most effectively protect the farm and transition to the next generation
Carroll County Ag Day is where 4th Grade Students get a chance to talk to Agriculture Producers and learn about the farm industry. Noon meal provided by the Carroll County Agriculture Association
Carroll County Agriculture Association 10th Annual BanquetMiriam Robeson
The 10th annual meeting and 25th Hall of Fame Banquet was held on March 5, 2018 at the Delphi Methodist Church. Treasurer Angie May hosted the evening which included the presentation of scholarships to John Michael Beale for the TDM Scholarship and Savannah Bordner for the CCAA Scholarship. Recognition awards were given to George Barnard, presented by Jay Bush, as well as Michelle Cox, Raymon Eikenberry, and Michael Beale. Bush Veterinary Services also received an award which was accepted by Randy Bush. The evening concluded with congratulations to all award recipients and thanks to everyone for joining another great year.
This document summarizes a presentation about financial accountability for nonprofits. It discusses basic finance reports like income statements and balance sheets. It also covers sales tax rules for nonprofits, best practices for financial oversight, accountability requirements, and developing a risk management plan. Nonprofits must ensure financial integrity and transparency to protect themselves and fulfill their obligations.
This document provides an overview of intellectual property concepts including copyright, patents, trademarks, and creative commons licenses. It defines what these terms mean, how long protections last, and exceptions like fair use. Key points covered include what can and cannot be copyrighted, how to register a copyright, criminal penalties for violations, work-for-hire rules, and when photo releases are needed. The presentation aims to educate creators and users on intellectual property rights and responsible use of creative works.
The 9th annual meeting and Hall of Fame banquet for the CCAA recognized several individuals and organizations. Ellen Herr was recognized for her contributions. The keynote speaker was Matt Lohr who spoke on leadership. Several students received scholarships from the CCAA and TDM including Kerrigan Bartrum, Danielle Swayze, Corey Silverthorn, Cole Pearson, Evan Lehr, Emily Wagoner, Samantha Garrison and Dale Orem of Ayres Hardware Company. Deputy Mitchell Catron was also recognized.
Flora can be part of Indiana's Bicentennial celebration by participating in historical, educational, community involvement, and nature conservation projects. Some potential local projects include restoring the Flora Depot, creating a Facebook page about Flora memories, and branding annual events like the Hog Jog with the Bicentennial theme. The Bicentennial celebration provides an opportunity to preserve Carroll County's history through projects like updating historical markers, writing histories of towns and organizations, and restoring cemeteries. The statewide Torch Relay will pass through Carroll County on October 6, 2016.
2015 05-21 flora community club annual meetingMiriam Robeson
The Flora Community Club held its 2015 Annual Meeting on May 21, 2015 to review the activities from June 2014 to May 2015. These activities included sponsoring the Circus in June 2014, hosting farmers markets over the summer, a secret garden tour in June 2014, participating in the County Fair in July 2014, a Flora beautification project also in July 2014, a Harvest of Quilts in September 2014, Moonlight Madness in October 2014, the Christmas Parade in November 2014, an open house for the CCEEC in December 2014, a Christmas Tree Walk also in December 2014, Paint the Town Red in February 2015, a Trash to Treasures event in April 2015, Biscuits and Gravy in May
This document provides a photo chronology of building a community from April 29, 2014. It shows photos of community leaders from Flora, including the town council president and members of the community club and Carroll County Agricultural Association, working to develop a park education center to grow the community.
Financial Accountability for Board Members. Sponsored by the Lafayette Community Foundation and the Indiana Nonprofit Resource Network, this program provides basic information and tools to help nonprofit board members understand and comply with their fiduciary responsibilities
2014 succession planning business structuresMiriam Robeson
This document discusses various legal structures for operating a farm business and their tax implications. It compares entities like limited liability companies (LLCs) and S corporations, noting LLCs provide flexibility while S corps avoid self-employment taxes. The document also addresses estate planning considerations, managing risk between entities, ensuring fairness between farming and non-farming heirs, and planning a multi-generational transition of the farm business. Flexibility and tailoring the structure to individual goals and circumstances is emphasized.
2014 Carroll County Ag Association Ag TourMiriam Robeson
The Carroll County Agriculture Association and First Financial Bank are sponsoring an event. The event is likely related to agriculture given the Carroll County Agriculture Association is one of the sponsors. However, no other details about the event are provided in the short document.
The Carroll County Ag Association (CCAA) helped out at the 2014 Ag Day event in Delphi, Indiana on March 20th. The event taught Carroll County 4th graders about agriculture through hands-on activities and demonstrations. Students learned how their food is grown and what careers are available in agriculture.
The document is about an event at the Delphi United Methodist Church on March 3, 2014. The Delphi United Methodist Church held an event on March 3rd, 2014. The short title provides the location and date of the event mentioned in the document.
2. Making Your Art Work For You
What We Will Discuss...
Business Plans
Business Formalities
Business Accounting
Tax and your business
Legal considerations
Basics of Copyrights and Trademarks
Small Business Development
Creative Cooperatives
3. Why Be a Business?
Five Reasons to “Step Up” the Business Side of Your Art
It will help you make money
It will help you focus
It will help you comply with legal and tax regulations
It will give you more credibility
It will show you weaknesses in your business
4. When Should You „Become‟ a Business?
When Can You Quit Your “Day Job?”
Desire and Determination
You enjoy your art and can spend all day (every day)
developing products and skills
You are willing to treat your art activities “like a business.”
Dollars and Sense (Cents)
You can create enough art (and sell at a price) to support
yourself (and family)
You can sell your art for more than it costs (time and
supplies)
Art Takes Over
You spend all your time in search of “more-- better--bigger”
ways to create and display your art
You find public venues for your art (display and sell)
5. Getting Started
Start-up Basics
Top 10 Start-Up Steps
Trial Run, Ease In, or Dive In?
50% of Small Biz fail in the first 5 years.
Top 7 Reasons Why Poor Businesses Fail
Are you ready to be both Art and Business?
6. Business Plan
What is it, and why do I need one?
A Business Plan is...
The important elements of your business
Vision Statement (Who You Are)
The Players (Customers)
Business Concept (What‟s the Point?)
Finances and feasibility (What does it cost to get where I want
to go?)
Why Should An Artist Have a Business Plan – Article
7. Business Plan
Why do I need one?
You need a Business Plan if...
You are running a business (not a hobby)
You are applying for a loan (lenders require it)
You are looking for investors (investors want it)
You are working with partners (so everyone knows)
If you run into trouble (legal, financial, etc.)
“Helpful Business Links for Artists” for link to
template
Top 10 Business Plan Tips
8. Business Formalities
Paperwork = Credibility
Protect yourself and your business
Business Entity (Corp, LLC, formal partnership)
Tax ID number (NOT your SS#!!)
State and Federal paperwork
Existence, taxes, creative protection
Business Relationships Paperwork
Contracts for lease of space, use of equipment, display of art
(gallery space), sub- contracted work
9. Business Formalities
What Kind of Business Are You?
Sole Proprietor – Easiest entity - least protection
Corporation – Formal entity - greatest protection
Limited Liability Company (LLC) - greatest flexibility, least
understood
Consult a professional!
10. Small Business Finances
Tracking the $$
Keep business income and expenses separate from personal
Separate checking, credit card account
Separate vendor / customer accounts
Keep stuff!
Receipts, invoices, contracts (scanner is OK)
Computer Book Keeping program
Quicken – Quickbooks – Excel Spreadsheet
Enter ALL income and expenses
11. Small Business and Taxes
Protecting your business
Type of business formality determines tax
return
Things you can deduct
Supplies (creative and administrative)
Insurance (business and health)
Things you can’t deduct
Personal / Living expenses
Watch Hobby Loss Rules!
More than three years of loss - the IRS calls you a “hobby,” and you
cannot deduct expenses!
12. Small Business Taxes
Taxes You Pay - Taxes You Collect
Sales Tax Paid to the State– what is it,
when do you collect?
7% - more than 30 days - “in the business of”
Sales Tax You Pay for Purchases – what‟s
exempt?
Employment Tax – when do you have
“employees”?
Income Tax – Estimated Payments required
110% of current income tax obligation
100% of previous year‟s tax obligation
13. Small Business Taxes
Deductions, Deductions, We Love Deductions!
Home Office/Studio – dedicated space
Utilities (heat, light, phone) – pro-rata share
Insurance – business insurance, pro-rata share of
casualty insurance on home
Automobile – travel to/from events, exhibits
2012 IRS Mileage Rate = 55.5¢ per mile *or* actual expenses
Meals and Entertainment – 50% rule for meals - actual
costs for lodging, travel
Art Supplies and Equipment
“Consumables” = immediately deductible
Equipment with useful life = depreciate
What Do You Want to Deduct?
14. Small Business Tax Traps
The IRS is watching you... Remember:
Top 10 Audit Triggers
State Tax Traps Keep records!
Failing to file sales tax returns
Failing to file employment tax returns
Failing to file Secretary of State documents
What to do if you have trouble
Memory Devices
Hire a professional
15. Small Business LAW
Legal Risks
Personal Risks
Personal assets at risk from business practices
Financial Issues
Liability Issues
Business Risks
What is your business worth?
Protect your business reputation
Work Product – See Intellectual Property
16. Basics of Intellectual Property
Copyright - Trademarks – Patents – Creative Commons
What is IP?
Copyright - Creative Expressions fixed in form
Trademarks - identification of goods and services
Patents – invention that is useful, novel, and non-obvious
Creative Commons – Deliberately making your work available for use by
others.
18. Copyright
Public Domain - Free to use in any form
Published before December 31, 1922, or
Expires 70 years after the death of the creator, or
Specifically placed in the public domain (freeware,
shareware, etc.), or
Government works.
However, new arrangements or versions of a public
domain work are copyrighted to the extent of the
arrangement or version
19. Copyright
Fair Use and “Not” Fair Use
“Fair Use” is an exception to copyright protection
Examples:
Excerpts for review or critique
Parody
News reporting
Educational Use
Balance test – how much is too much?
Copyright Use and Fair Use
20. Copyright
How to “Get Around” Copyright Law
Obtain permission from the owner
Use Public Domain works
Public Domain by passage of time
Public Domain by Government works
Public Domain by design
Create your own source materials
Top 10 Copyright Myths
22. Other commentary about
Copyright
Swennseemel.com – Art Careers Without
Copyright – “Crowd Marketing”
Theabundantartist.com – “How YouTube sees
Copyright” (From TED TV)
Mariabrophy.com – “What we can learn from
a bikini model.”
23. Creative Commons
Allowing defined types of licenses for your creative works
Creativecommons.org
FREE
Types of Licenses:
Attribution – No Derivative – Non Commercial – Share alike
24.
25. Trademarks
Industry Identification
Trademarks (also Service Marks)
Commercial methods to identify and distinguish goods and services from
competitors
27. Patents
Inventions and Processes
Patent – exclusive rights to an invention
in exchange for public disclosure
Must be new, inventive, useful, industrially
applicable
Good for 20 years
28. Small Business Development
Planning to Grow Your Small Business
Financing growth – know why you need $$$
Investors - want to see profit
Patrons - want to see your art
Business (loans) - want $$ + interest
What is your time worth?
When is it worth hiring it done?
Administrative details
Gal/Guy “Friday”
Share administration with a partner (artist or
business)
29. Small Business Practices
8 things you must do when selling a piece of art
10 Principles of Success for Artists
Top 10 Tips to Grow Your Art Business
30. Creative Cooperatives
Art Teams that Succeed
Sharing a business - increase profitability
Like Kind of Art
Compatible Kind of Art
Diverse Kind of Art
Mixing Art and “Other”
Investment Limits –
when is enough, too much?
31. Creative Cooperatives
Art Teams that Succeed
Tips For Partners
Discuss expectations - then write them down
Written agreement for sharing costs and income
Sharing store space, studio space, equipment
Sharing costs and sharing time
What happens if it doesn‟t work out?
Feeling of Fairness - MOST Important!
Not for friends or the faint of heart!
32. Employees
Do I Need Employees? What Do I do with Them?
Employees increase business complications
Employment taxes and rules
Full time and part time
Over time and benefits
Training Employees to read your mind
Can you succeed without help?
Employees allow you to be in two places at
once
Employees can be hired for business
management
What is the “marginal benefit” of an employee?
33. How to Succeed at (Art) Business
Plan, Work, Time, and Art
Make a Plan - stick with the plan
Formalize Your Business - act like a business, not
a hobby or “for fun”
Keep up with the paperwork
Keep up with taxes (and keep receipts!)
Watch and protect your rights
Enter partnerships with eyes wide open
Don‟t forget to MAKE ART!
34. Other resources for artists
Swennseemel.com – a professional
(“makes a living as”) artist who has a
lot of great ideas about promoting
yourself. Look for the sample sales
agreement and model release on her
website.
Theabundantartist.com – Lots of great
business development info, including
building a website and developing a
business plan
Mariabrophy.com –Maria is an artist
consultant with business tips about
selling and marketing your artwork.
35. Resources for Small Business
Finding Help for what you need
US Small Business Administration
www.sba.gov
Hoosier Heartland Small Business
Development Center
http://www.hhsbdc.org/
Susan Davis - West Lafayette
See Handout for more resources!