If you're sued in connection with the business you run (e.g. when someone enters your studio) the assets and personal belongings are used to pay.
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The damage.
Sole Proprietorship of Artists
It's you, your dream, and your artwork. You're probably already a sole owner. This means that you have the ability to make use of both your personal and business personal assets to support your business.
These two are closely linked. Tax time is coming up, all the income you have earned from your art is reported on your personal filings. This means that the income you have earned from your art is included in your tax returns.
