2.3 KiB
Executable file
2.3 KiB
Executable file
Start a Music Production Company: Build an LLC pt2
Notes
- building a production is not glamorous
-
people operate alone and need connectiosns
- knowledge
- experience
preface - what you will need
- 3 LLCs
- 3 EIN numbers
- 2 Bank Accounts (Business)
- Accountant (eventually)
- Corporate Attorney (eventually)
- Tax Attorney (eventually)
previous structure
format
- Operations, LLC
- Asset Holdings, LLC
producer
- making beats
- getting placements
ultimate company setup
format
- Operations, LLC
- Prodution Label, LLC
- 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