Now to preface this, let me just say that I’m not a fan of Smashwords. I don’t like the draconian submission rules they have under the guise of suggestions, mostly, but some of their decision-making also annoys me.
All that being said however, they do some good work sometimes. I found this while roaming around, and thought I would share it with any other authors or would-be authors out there. It’s a bit old, but it can be used to clarify a few things we authors who self-publish need to know: