A little over a year ago, conceptual artists Sean Fletcher and Isabel Reichert had an idea. They observed that while privatizing unprofitable areas of society seldom succeeds in prolongation, privatizing happens anyway.
That fact, put simply, was the impetus for Fletcher and Reichert's idea: to take the financial disaster of their "starving artist" lives and privatize it.
So, on January 3rd, the first business day of 2006, they formed a corporate entity governed by a professional board of directors, empowered with the ability to make decisions regarding the artists' budget, their lifestyle, and their future survival.
The subchapter S corporation is responsible for providing the elements necessary to continue their day-to-day living: their food, shelter, clothing, and art supplies -- where art supplies are those tools necessary to facilitate the continued merger of art and life. This corporate entity is taking the otherwise unprofitable make-up of their art-life studio practice and turning it into a financial success!
Concerned that this complex venture may land them in tax court, Fletcher and Reichert began seeking legal counsel. In June, 2005, they made contact with Herb Hoelter, aka Mr. Liberty. Mr. Hoelter is director of The National Center on Institutions and Alternatives, an organization dedicated in-part to providing expert-sentencing services to convicted white-collar criminals. Included on Mr. Hoelter's resume is sentencing assistance provided to media maven, Martha Stewart, musician, Willie Nelson, and artist, Peter Max.
With Mr. Hoelter's help, the help of a corporate attorney, and with the assistance of outside financial support, Fletcher and Reichert finalized their articles of incorporation and launched their new business.
Death and Taxes, Inc.
a professional company
Our business is our lives. |
