Category: Art

Felix Seward

Why You Should Explore Real Estate Business

Starting a real estate business that build to sell is an enticing prospect for many entrepreneurs due to its potential for high returns, flexibility, and diverse opportunities. The real estate market offers a stable and lucrative avenue for building wealth, leveraging various economic cycles to one’s advantage.

One of the most compelling reasons to start a real estate business is the potential for significant financial gains. Real estate investments can appreciate over time, providing substantial profits upon sale. Additionally, rental properties generate ongoing passive income, creating a steady cash flow that can support other investments or business ventures. The opportunity to build equity and leverage it for further investments amplifies the financial benefits.

Flexibility is another key advantage of the real estate sector. Entrepreneurs can choose from a variety of niches, such as residential, commercial, industrial, or retail real estate, depending on their interests and expertise. This versatility allows for tailored business strategies that align with personal goals and market trends. Moreover, real estate businesses can operate with varying degrees of involvement, from full-time property management to passive investment roles, accommodating different lifestyles and commitments.

The real estate market also provides a hedge against inflation. Property values and rental income typically increase with inflation, preserving the purchasing power of the investor’s capital. This makes real estate a relatively secure investment compared to other assets that might not perform as well in inflationary environments.

Real estate businesses benefit from favorable tax treatment. Investors can take advantage of deductions for mortgage interest, property taxes, depreciation, and operating expenses, significantly reducing taxable income. These tax benefits enhance the overall profitability of real estate investments.

Furthermore, the real estate industry is characterized by its resilience. While market conditions fluctuate, real estate generally recovers and continues to grow over the long term. This resilience offers a sense of security for entrepreneurs looking to invest in a business with enduring value.

Lastly, starting a real estate business allows for community impact. By improving properties and developing new ones, real estate entrepreneurs contribute to neighborhood revitalization, enhancing local economies and quality of life.

In conclusion, starting a real estate business is a strategic move for those seeking financial growth, flexibility, and long-term stability. The potential for high returns, favorable tax benefits, and the ability to impact communities positively makes real estate an attractive and rewarding business venture.

Stevie Philippa

The Artist’s Copyright Law

Law

There is always heated debate about copyright. Art rights expert artists explains what it means for a work of art when copyright expires and what current developments there are.

Understanding Copy Right

Copyright is a human right. On the one hand, it protects the intellectual and personal relationships between the author and his work. On the other hand, it gives him the right to decide how his works are to be used. Thus, on the one hand, copyright is a personal right and secures the identity of the work as well as the intellectual and personal interests of the author. On the other hand, it is the “labor law of the creative”, because it serves to ensure adequate remuneration for the use of the work.

The importance of copyright protection in the visual arts is far less than in literature or music. This is because artists mainly sell originals, one-off pieces. There is a collecting society that exercises the rights of visual artists, for example when replicating works of art in the media. In the fine arts, however, only little income is generated through usage rights. However, there is a special right, the so-called resale right. For most artists, it is also perceived by the gallery owners to pay a special tax on their sales when trading with contemporary artists. In addition, copyright has a second component: moral rights. The artist is entitled to this non-pecuniary component even if he has sold the work. This includes, for example, the right to prevent distortion of the work.

The protection levels are very different. Other countries go much further when it comes to the position of the author. This is a purely moral interpretation of copyright law. Copyright law, on the other hand, has two streams: a moral one, a legal personality and a monetary one. The question also arises: Can the terms of copyright, which are not internationally harmonized, still be justified in view of the increased age? If the average age today is 80 years and then there is still 70 years of copyright protection: Then we can get 120 years for an author who wrote something at the age of 30 until the copyright expires.

Want to know more about Copyright? You can watch the video below…

LAWYERS AS ART JUDGES

It is difficult when the copyright is transferred to an heir. basically only the artist can have the right to decide which context is appropriate for his work. But even his own interpretation cannot always be decisive. If an artist plan an exhibition with his gallery owner, like paint by numbers custom the artist would also have the right to intervene. As a lawyer, one often gets close to art criticism or art judges.

 

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