Q: Must I set up an LLC if I am from the US?
A: No. You can publish as an individual using your social security number, aka your tax ID number. Some benefits and costs come with opening an LLC for your publishing business, but please consult with a legal professional to learn more.
The same applies if you have a tax ID number from Canada, the UK, or Ireland.
Q: If I am not from the US, UK, Canada, or Ireland, do I need to set up an LLC?
A: You do not need to open an LLC to publish eBooks and print books on KDP, no matter where you are from. Previously, students would set up an LLC if they wanted to publish audiobooks on ACX, but this is no longer advisable/ possible, ACX now requires proof of residency in the US, UK, Canada, or Ireland.
If you are outside those four countries, you can still publish your audiobooks without an LLC, just not with ACX. You would need to use a 3rd party distributor such as Author’s Republic. They will still get your audiobooks published on Audible. The disadvantage is that you will not receive the promo codes that ACX gives (which are very helpful for gaining reviews), and you will receive a smaller royalty percentage. This is why ACX is preferred for those who can access it.
Q: How do I handle taxes for my LLC?
A: All tax information should be directed to a certified tax professional.