12.20.2005

Sole prop/LLC/so what

I hate to ask such an ignorant question, but why should a writer care if the agents company is an LLC or under sole proprietorship?


Money. Yours.
If an agent kicks the bucket and your money is in his/her account, even if it's a business account at the bank, and s/he is a sole proprietor, that money is considered part of her estate. Have fun getting it.

LLC means the business and the agent are two separate entities.

There are other ways to make this happen too, but you want to make sure your money is protected in case of an Act of Dog, Death or other Unfortunate Event.

3 comments:

Bonnie Calhoun said...

Speaking of unfortunate events...Miss Snark, was that you I saw walking across the Brooklyn Bridge this morning with the burberry bag and fur coat?

Miss Snark said...

nope.
Miss Snark is home, and staying there, till this madness ends.

Alina said...

Hee, "kick the bucket" is my French Translation's professor's favourite figurative expression. Now every time I hear it, I think of her.