added LLC2

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ronny abraham 2025-01-26 15:01:41 +02:00
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- [[https://www.youtube.com/watch?v=carkuV-uVpw][youtube video]]
* Notes
- building a production is not glamorous
- people operate alone and need connectiosns
- knowledge
- experience
** preface - what you will need
1. 3 LLCs
2. 3 EIN numbers
3. 2 Bank Accounts (Business)
4. Accountant (eventually)
5. Corporate Attorney (eventually)
6. Tax Attorney (eventually)
** previous structure
*** format
1. Operations, LLC
2. Asset Holdings, LLC
*** producer
1. making beats
2. getting placements
** ultimate company setup
*** format
1. Operations, LLC
2. Prodution Label, LLC
3. Asset Holdings, LLC
*** producer
- makings beats
- getting placements
- coaching and producing a particular artist
- they will sign to them
- get a joint venture deal / record deal down the line
*** problem
doing the coaching to sign a deal is a very difficult
** Description of LLC's
*** Operations
- all of your physical labor
- leasing
- beat sales
- endorsements
- producer royalties
- publishing royalties
*** asset hodling
- all intellectual property
- 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
- this company has to stay clean (meaning: copyrights clean) for people who want to do publishing deals with you, ie investors
*** Production Cmopany
- signing an artist to you
- you will be
- signing the talent to secure
- record deal
- joint venture
- licensing deal
- finders fee percentage of the artist advance
- plus producer fee
- plus producer advance
- option to have a label imprint (percentage of deal)
*** warning
- your job when signing an artist is to get them signed to a bigger label
- your responsibilities
- studio time
- production time
- seeking songwriters
- giving a small binder advance
** Asset Holding (Bonus)
*** Asset Holdings
- Asset Holding, LLC | Hits Songs
- Asset Holding, LLC | Other Songs
- Asset Holding, LLC | Production Label
*** What you can do
- sell off
- all of it
- parts of it

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- [[https://www.youtube.com/watch?v=YNpqfll92Fg&list=PLL5ztIiUDdRhyY-5P84k_Vx5ODZlnEMVs&index=1][youtube video]]
* Notes
- company structure setup for the ecosystem
- you will start with one LLC and build three