Operating Expenses

KLC fotos operating expenses include fixed annual costs:

-Website domain

-Website hosting

-Website design platforms

-Archive storage providers

-Cloud storage providers

-Software subscriptions

-Payment processors

-Insurance

-Internet

-LLC fee

And occasional costs:

-Postage

-Gear Maintenance

-Certificates of Insurance

Royalties are often shared amongst:

-Copyright Holder

-Client granting rights to license/sell images from their branded events

-Division Ambassador

-Managing Director

Assignment Fees are paid to:

-Contributor

-Managing Director

The remainder of Assignment Fees and Royalties are spent to cover operating costs and reinvesting in KLC fotos.

KLC fotos maintaining an overhead fee and savings is what allows us to pay contributors as soon as the assignment is completed and KLC fotos carry the burden of delayed invoices not the contributors.