Do I need to start a business to sell my art?

gyst-ink.com - Starting an Art Business Basics for Artists — Getting Your Sh*t Together

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Starting a Business Basics

Business License

If you are selling any artwork yourself, it is a legal requirement to have a business license. It allows you to file for a DBA (Doing Business As) so that you can operate under the business name of your choice. You can also operate a business under your own name. If you receive a grant, you may be required to have a business license. If you already have a business license, apply for a resale license in order to sell work and buy materials at wholesale prices. You will need to fill out a resale card for each vendor you purchase from, but it will save you money because you will be eligible for discounts. Also, you will not have to pay sales tax on goods that are used to produce works for sale because the sales tax gets passed on to the retail buyer. Beware that most state IRS services are now wired to city governments. This is significant because not only are you required to have a business license, but also a city or county license. Many artists have received warnings about declaring income on their tax return without having a business license. There can be fines and legal hassles, which you want to avoid. You can also get into a lot of trouble if you have employees and do not follow legal requirements.

Reasons to get a business license:

To secure the liability protection provided by a corporation or LLC.

There is more than one owner of the business.

To isolate a specific business venture or project, such as a film, book, musical, or other artistic venture. To raise capital for a specific venture or project by bringing in investors.

To separate ownership and control of business operations.

To shift income to other family members, associates, or friends in order to take advantage of lower income tax rates. To ensure compliance with IRS requirements and minimize hassles should you be audited—a frequent occurrence for sole-proprietorships. To benefit from tax savings available to particular entities; for example, the potential payroll tax savings available to “S” type corporations. This is for large businesses and not applicable for most artists. If your art practice gets large enough to consider incorporating, consult an attorney. A corporation is typically the most portable and practical entity for artists conducting business in more than one state.

Where to get a business license

Visit your city our county’s municipal website for information on how to obtain a city or county business license. Most cities have a business license department and often have multiple sites in which you can apply for a license. Some cities now let you apply online instead of showing up at an office. You need a business license for the city in which your practice is located.

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How can I get rich selling art?

How to Sell Art Online and Make Money Sell Art Prints. Start a Print on Demand Art Brand. Sell Digital Stock Artwork. Do Commission Jobs. Work on Freelance Projects. Teach Art Online. Start a YouTube Channel. Create a Book. More items... •

printbest.com - 12 Profitable Ways to Make Money Online as an Artist [Updated 2022]

One of the most direct ways to sell art online and make money is with print versions of your drawings or illustrations. This can be in the form of posters, mounted canvas, or photos. In general prints can go anywhere from $40 USD to around $300.

You can sell your art prints through several platforms:

An Etsy shop: Etsy shops are great for creatives interested in selling originals or physical copies of their work. Society6: They are very similar to Etsy, due to site traffic and ease of setup. Unlike an Etsy shop, Society6 handles all shipping and printing. Shopify: The platform is known for its ease in online store and payment setup. This platform serves creatives who want the most control over their store, who also have a solid understanding of marketing. Saatchi Art: This more exclusive online gallery platform focuses on paintings, drawings, sculptures, and photography. This platform is highly competitive, but buyers are willing to pay more for art.

Here are some successful artists, who are doing it right:

Daniel Mullen sold more than 30 paintings in less than two years on Saatchi Art. Ben the student earned more than $28,139 selling poster prints on Etsy at 22 years old. What you can expect to earn yourself varies on your costs and the platform you use. Saatchi Art, for example, charges a 35% commission and the cost of packaging your prints for shipping. This leaves you a potential profit of $26 to $195, on average.

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