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Entrepreneurship in the Arts: Creating a Lucrative Business, Part 2 of 6 – Maintaining Relational Equity and Founding a Business
John McDavitt
John McDavitt has owned and operated McDavitt Design, an artistic service business, for the past 13 years. After earning a substantial income in one month airbrushing t-shirts as a teenager John decided that he would be an entrepreneur. Along the way John has created and designed murals for residences and businesses. He has been involved in designing, creating and operating a successful haunted attraction, The Asylum Experience. John's now renders services including sculpture, illustration, product engineering and computer design for clients including Thomas the Train, Felt Kids, Lamaz Toys, Wilton Industries, Badger Airbrush and others. |
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Description: In this segment of his presentation, "Entrepreneurship in the Arts: Creative a lucrative business!" visual artist John McDavitt discusses how missing deadlines can cause irreparable damage to the relational equity between an artist and a client. He then dives into the differences between a sole proprietorship, an S-Corporation and a C-Corporation, and the importance of paying taxes to a businessowner.
Shoot Date: February 2008 |
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