Clean label in the Music Business Proposal effortlessly

Aug 6th, 2022
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How to Clean label in the Music Business Proposal

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hey everybody before the show starts log on to musicmoneymakeover.comshop to download all my books and free guides and while youre there click on the book of call tab to book a one-on-one zoom call with me to get all your music business questions solved enjoy the show hey everybody welcome back to the music money makeover show my name is casey graham and on this episode were talking about how to start an llc for music artists and for record labels now before we jump into this thing let me explain were gonna start with the one company one llc like we always talk about on this channel like ive talked about in my books like ive talked about countless others in any way shape form or fashion what you will see today is a typical company structure after you grow yourself out of that single llc many of many of you all may have not seen this before but i want to give you an advanced down the road picture of what your operation will look like later down the line when you start making heavy

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If you want to run your record label as a business entity, then the best is to go for a limited liability company or a corporation. LLCs have the same legal protection as corporations, but fewer formalities to fulfill when it comes to administrative requirements.
For a majority of rising artists, a limited liability company (or LLC) will make the most sense, as opposed to a partnership or corporation. (LLCs offer legal protection partnerships dont. They also need less maintenance than full-fledged corps.
For starters, it should include: - An overview of your business idea. -Your aims and goals. - How youll earn/spend money. - Any potential problems. - How youll measure progress. History and experience. What is your music industry experience? Your pitch. Strengths, weakness, opportunities, threats.
The 3 major record labels are: Universal Music Group. Sony Music. Warner Music Group.
Benefits of an LLC for Artists In addition to personal asset protection, legal protection, and liability protection, registering your LLC as an artist can be beneficial because it requires fewer formalities than other business registrations, such as incorporating as an S corp or C corp.
Should a musician form an LLC? In most cases, the answer is yes; musicians can benefit greatly by forming an LLC. With an LLC, a musician can receive limited liability protections and will also be able to more easily resolve disputes with band members.
What Is a Business Plan? A business plan provides a snapshot of your record label as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for docHubing them. It also includes market research to support your plans.
The limited liability company (LLC) is ideal for most record label businesses. An LLC is easy and inexpensive to set up, and has the least administrative requirements of any formal business entity.

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