diff --git a/_subsections/music-production-company/v02-build-production-pt2.org b/_subsections/music-production-company/v02-build-production-pt2.org index 7232f01..88717e5 100644 --- a/_subsections/music-production-company/v02-build-production-pt2.org +++ b/_subsections/music-production-company/v02-build-production-pt2.org @@ -7,3 +7,86 @@ - [[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 diff --git a/_subsections/music-production-company/v03-build-production-pt3.org b/_subsections/music-production-company/v03-build-production-pt3.org index 9d613c2..8362ec8 100644 --- a/_subsections/music-production-company/v03-build-production-pt3.org +++ b/_subsections/music-production-company/v03-build-production-pt3.org @@ -7,3 +7,5 @@ - [[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