Tory joins me again to discuss what he has gone through in setting up his business entity for publishing. There are many choices and reasons to use one type or another.

He also discusses using Sigil for formatting his book. Sigil is an open source epub editor. It is not for the faint of heart, but is powerful.

https://github.com/Sigil-Ebook/Sigil/releases/tag/1.4.3

Transcript

Stephen 0:49So welcome again to the podcast is going to be part B. That's how I'm doing. I'm now a part A and B. So now what we're doing is discussing a topic that has to do with new authors that new authors encounter. and sent to us said, Well, I just published a book and had to go through setting up the entity and the taxes, things and various things that affected that as a new business as a new author as a new book. So we're going to talk about a few of those.

Tory 1:19Yep. And it's good to be back, I actually listened to your part B with with Penny Appleton. Yes. And I liked the concept of splitting it out. That's what a cool idea.

Stephen 1:30It was actually more her idea, though, I had been kind of looking for something to do different. So I loved it. And I'm glad she threw that out there. And now it kind of hits two different markets. So Part A is like for readers. And Part B is for writers. So I can go after both.

Tory 1:47Well, exactly. And and if you if you were able to like follow up every year or two with with a few authors, you could you could kind of follow along with that strategy, as they talked about versus yesterday happened.

Stephen 2:03Right? Yeah. I love that. Yeah. So we were talking about the rock rain book in part A, and you read that with Jim Crow, who I'm sure was digging out from about 15 inches of snow earlier this week. Here in Ohio, Lucky us. Some of that this way. It'll probably come. But you know, the way the winds blow and all the Great Lakes, it all just dumps between here in New York. Um, so tell us, what were some of the things you had to get set up, and what you had to do and what you would recommend.

Tory 2:40So I first of all, I decided that this one book, I'm going to go wide with it. And I'm going to do a kind of a multi approach sort of strategy. So I went in and set up an author account at Amazon and did the same thing with Apple books. And with Apple books, that actually took about two weeks because you have to you have to do it a step at a time they have to verify it. Right. So you when you go in there, you put one of the things you have to decide is are you uh, are you a, you know, an LLC, or a C Corp? Or are you a sole proprietor?

Stephen 3:25Right?

Tory 3:26And you know, along with that, are you using your social security number as a tax ID? Or do you have an Ei n? Right? So I thought about that for a while. And then also with with Amazon or Apple, you have to decide if you're going to use, you know, an ISV and that you buy or just go with Apple's asi and they assign you

Stephen 3:49right there. You said like four sentences, and there's already 500 million things, I think. So let's back up one sec. So what why did you choose to go wide? Because when you do that, obviously, you can't be in Kindle unlimited. If you're going with anything else. And then why did you start with Amazon and apple? And are you gonna go with Google? And I guess why didn't you use something like draft to digital? What were your choice? Or what were your decisions? Why did you come to those decisions?

Tory 4:25One, I'm gonna go with Amazon and apple and then also data digital for everything else. Okay,