Have you been making your art and/or crafts for a while now, wondering if it's time to "go legit"? This month, lawyer Bettie Newell offers some legal info on when it's time to turn your business into a legal entity.
Have you listed any items in the new FNO Marketplace yet? Now you can sell your artwork online through FNO! It's free to list your items, complete fee information is listed here. We are just getting started, so check back often.
As always, if you have any particular topics you'd like to see covered here, or if you'd like to contribute an article to the FNO newsletters - drop me a line!
FNO Newsletter Editor
How do I know when it’s time to make my craft business into a legal entity?
by Bettie Newell
This article orginally appeared on Hello Craft in their Ask a Lawyer feature column.
Question: How do I know when it’s time to make my craft business into a legal entity?
Answer: This is one of the most common questions I get from small business owners and I always give the same answer: If you are making and selling products, you want to be sure, from the outset, that you are running your business in accordance with your state’s laws.
The follow up (and more important) question is really: what is the correct legal entity for your business? Choosing which form is right for your business involves an understanding of your options and consideration of a number of factors. Depending on what state you live in, there are generally four types of business structures you can choose from: sole proprietorships, limited liability companies (LLCs), corporations, and partnerships. The most common forms I see small craft businesses take are sole proprietorships and LLCs.
FNO Tips & Tricks
By now, you may have noticed the "Send my EPK" link next to the promoter's email address in festival search results. An Electronic Press Kit, or "EPK" is a collection of materials used to promote your business, whether you are an artist, musician, craftsperson, band, food vendor, or other type of exhibitor or company.
Your FNO profile & site serve as your EPK. Complete your site by adding bio, photos, video, calendar and blog. The more complete your EPK, the more a promoter can conveniently learn all about you from one easy link. You do all this from your "My Account" area, first click "Your Profile" and then "Modify Profile".
You need to have your email set up as the default email program to be able to utilize this feature.
(If you don't have a default mail program set up, you would simply need to email them without utilizing the convenient "send my epk" link by copying and pasting your FNO URL in an email that you compose manually. To see what your URL is, go to the same "modify profile" area and your URL, which you can edit, will be at the top).
And remember, bad pictures of good products come across as bad products. Be sure to upload good looking photos of you or your work that can really speak for yourself! You never have a 2nd chance to make a 1st impression!
If you have questions, get in touch with us, we are here to help!
Vote on New Member Features
Here's your chance to make suggestions on what new features or improvements you would like to see us make to the FNO site. You can rate changes in order of importance to you or make a suggestion. We're looking forward to hearing from you!
Stay Connected on the Road!
FNO has teamed up with Rovair, a leading wireless mobile broadband provider.
What does that mean for you? You can now stay connected while traveling & working at shows!
We have partnered with RovAir to bring you temporary internet access
allowing you to stay in touch with customers and business contacts and even
accept & process credit cards over the internet via a laptop/net book and
a wireless card!
Find out more about Rovair here.
Earn Money with FNO
Did you know you can make $5 for every new member you refer to FNO? Get cash or apply it to your next renewal!
Learn about the FNO Affiliate Program. Already a paid member? Then you already have an affiliate number - To create a flyer with your FNO affiliate number click here!