Artists and collectors can minimize estate taxes on artworks by employing a planning strategy and understanding the complexities involved with assessing the work's fair market value.
Category - Corporate Law
Stories about business law and contracts
What things should artists be negotiating as part of licensing or gallery contracts? We take a look at some of the most important along with a review of several standard provisions.
Don't be at a disadvantage when negotiating against an experienced opposing party. Here a few things to consider to even the playing field.
Artists and lawyers don’t usually get to work together. But the perfect opportunity arises when you want to take an art business to the next level.
A photography contract that doesn't consider art licensing rights and work made for hire agreements can have a significant impact on a photographer's business. Here are the common pitfalls photographers need to avoid.
While the end result of an art consignment relationship is mutually beneficial to both parties, it is imperative that an artist and gallery each formalize their art consignment agreement in writing.
Most art galleries participate in art fairs throughout the year. Many of those fairs are international, such as Art Basel Switzerland or the Hong International Art Fair. International art fairs are an excellent way to position your gallery in front of an international audience and capture a new clientele. They are also an incredibly costly endeavor, considering exhibition costs, shipping...
Since most common insurance policies specifically exclude artwork, fine art collectors must consider purchasing a fine art insurance policy to protect their treasured works. Art Law Journal breaks down how these unique policies work.
The reduction of H1B visa recipients may mean more companies will likely hire foreign independent contractors. We discuss tax and other financial considerations creative businesses need to make.
Trump's H1B visa shakedown means you may need to hire a foreign creative as an independent contractor. Here's how to avoid any legal issues.
Want to keep your graphic design portfolio fresh? Avoid work for hire agreements, which could prevent you from retaining the right to display your work.
The capital of the global art market, artwork sales in New York often impose hefty taxes on the purchaser – unless one of the several clever loopholes are employed. Amid allegations that several prominent galleries and collectors were employing tax evasion schemes that weren’t entirely up to snuff, New York Attorney General Eric Schneiderman announced he would initiate investigations concerning...