Visual 2

Be a Business

Do you carry on your activity in a business-like manner?

Does the time and effort you spend on the activity indicate that you intend to make it profitable?

Do you depend on income from your art for your livelihood?

Are the losses you sustain in your art business due to circumstances beyond your control?

Can you change your methods to improve your profitability?

Is your art business ever profitable?

Do you, or your advisors, have the knowledge needed to build and sustain a successful art business?

Have you been successful in making a profit in similar activities in the past?

Can you expect to make a future profit from the appreciation of the assets used in your art business?