2024-12-29 11:09:10 +02:00
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#+title: Start a Music Production Company: Build an LLC pt2
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2025-01-21 02:25:01 +02:00
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#+HTML_HEAD: <link rel="stylesheet" type="text/css" href="../../../_share/media/css/org-media-sass/categories/business.css" />
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2024-12-29 11:09:10 +02:00
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* Links
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#+attr_html: :class links
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- [[../../toc.org][TOC - Music Money Makeover]]
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- [[https://www.youtube.com/watch?v=carkuV-uVpw][youtube video]]
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* Notes
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2025-01-26 15:01:41 +02:00
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- building a production is not glamorous
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- people operate alone and need connectiosns
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- knowledge
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- experience
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** preface - what you will need
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1. 3 LLCs
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2. 3 EIN numbers
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3. 2 Bank Accounts (Business)
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4. Accountant (eventually)
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5. Corporate Attorney (eventually)
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6. Tax Attorney (eventually)
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** previous structure
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*** format
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1. Operations, LLC
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2. Asset Holdings, LLC
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*** producer
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1. making beats
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2. getting placements
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** ultimate company setup
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*** format
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1. Operations, LLC
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2. Prodution Label, LLC
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3. Asset Holdings, LLC
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*** producer
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- makings beats
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- getting placements
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- coaching and producing a particular artist
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- they will sign to them
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- get a joint venture deal / record deal down the line
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*** problem
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doing the coaching to sign a deal is a very difficult
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** Description of LLC's
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*** Operations
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- all of your physical labor
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- leasing
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- beat sales
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- endorsements
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- producer royalties
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- publishing royalties
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*** asset hodling
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- all intellectual property
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- the more valuable assets you have in your company the eaiser it will be to do a publishing deal with you as an asset owner
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- this company has to stay clean (meaning: copyrights clean) for people who want to do publishing deals with you, ie investors
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*** Production Cmopany
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- signing an artist to you
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- you will be
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- signing the talent to secure
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- record deal
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- joint venture
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- licensing deal
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- finders fee percentage of the artist advance
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- plus producer fee
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- plus producer advance
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- option to have a label imprint (percentage of deal)
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*** warning
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- your job when signing an artist is to get them signed to a bigger label
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- your responsibilities
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- studio time
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- production time
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- seeking songwriters
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- giving a small binder advance
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** Asset Holding (Bonus)
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*** Asset Holdings
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- Asset Holding, LLC | Hits Songs
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- Asset Holding, LLC | Other Songs
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- Asset Holding, LLC | Production Label
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*** What you can do
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- sell off
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- all of it
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- parts of it
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