[Virtual Summit 2020] Financial Sustainability in an Uncertain Future
Featuring Kathy Ploch. Hosted in partnership with Texas Accountants and Lawyers for the Arts (TALA).
This is an archived video from the Fresh Arts Virtual Summit, Session 2: Self-care for Your Creative Business: Financial Sustainability in an Uncertain Future which was live streamed on August 8, 2020.
Artists and creatives earn income through various means, some relying on aid, grants, unemployment, contract work, etc. Banks and other financial institutions often require records of income in the form of W2’s, 1099’s, etc. An issue can arise where an artist’s financial portfolio may not convey accurately what financial institutions look for. This session will cover ways to document diverse finance streams to create a larger, more accurate picture of an artist’s income; this info can then be used for applications, loans, mortgages, and/or other future financial ventures.
Please note that this is an archived video from a live streamed event. Comments and interactive features as demonstrated in the replay are no longer available.
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About the Presenter
Texas Accountants and Lawyers for the Arts (TALA)
TALA was formed in 1979 to meet the legal and accounting needs of artists and art nonprofits. Services include lawyer and accountant pro bono assistance for artists, patent pro bono assistance for inventors, dispute resolution services, and educational programs for the artistic and business communities. Programs are designed to help participants apply sound business practices to protect intellectual property, advance careers, and develop income.
With guidance from their network of attorneys and CPA’s, TALA is providing COVID-19 related assistance and resources to nonprofits, small businesses, and sole proprietors/independent contractors working in the arts. TALA is providing free matches with pro bono attorneys for issues arising out of the coronavirus pandemic and waiving their membership fee for artists and arts organizations suffering financial hardship due to the coronavirus.
