: Re: Writing a novel for a charitable cause for free? I am an aspiring author who wants to write a novel and have it published. Problem is that I am disabled and receive benefits, so I can't
I am not a lawyer,
but I would ask a lawyer about the following route to avoid your problem.
I am pretty certain (because I have disabled relatives) that you CAN earn a certain amount of money that does not endanger your disability payments; in the thousands.
Thus (in America at least):
Write your novel.
Get accepted by an agent.
Discuss what you are doing with your agent after they agree to represent you, not before. Namely you want any contract to be transferable to an LLC or charity you will form with any advance on the sale.
Use your advance to form an LLC or charity (typically 0-00 in legal fees to register something like that, depending on your State).
As the sole principle of the LLC, you decide what is done with any money it earns. You can pay yourself the annual limit of what you are allowed to earn, and you can hold the rest in reserve, or donate it to charities, etc.
The basic idea is that the LLC is an independent "person", any income it has belongs to it until it is distributed. You let the LLC own your book and rights. Whatever it distributes to you is your income. And you control the LLC, so you can control your income to the penny (presuming your book is earning something). You can also keep any excess in reserve (the LLC can pay taxes on it separately and is not required to distribute funds). If after taxes you wish to contribute to charity, let the LLC do that in its own name.
As I said, I am not a lawyer! But I have been in a dozen LLCs dealing with large amounts of money and with professional legal advice on arranging them. As a layman, I believe this is possible.
So you would take this idea to a lawyer and get their advice on whether it is viable. In particular I would tell a legal novice to look into the products of Legal Zoom (I have no stake or stock in that company), and they have products to provide affordable legal advice complying with your State laws, and form such an LLC (or perhaps charity) for (I am guessing) the range of 0 to 00, which you could do with a typical advance. And you would only need to do all this one time, if you wrote multiple books.
More posts by @Gonzalez219
: What liberties can I take with the monarchies in my own world? Could a writer make up his own rules, for a monarchy he created, in a world of his own making? My question is whether I
: This may depend on the writer and their style; what I think is a great opening line, and what you think is a great opening line, may be quite different things. Speaking for myself, I write
Terms of Use Privacy policy Contact About Cancellation policy © selfpublishingguru.com2024 All Rights reserved.