There are basically six types of businesses, 'the self-employed', 'the builder of businesses', 'the inventor', 'the franchise owner', 'the marketer', and 'the speculator'. Most artists fit into the self-employment category which we will address here. It is known legally as the sole proprietorship. You and you alone own all the assets and assume all the liabilities.
Things to Consider:
- A place to live. Do you want your studio separate from your living space? Do you use toxic media in your work?