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Starting a Record Label? Here's Why Forming an LLC is Essential!

In this video, I dive into the essential reasons why forming an LLC is crucial before starting your record label. From liability issues to financial risks and opportunities, I cover all you need to know about why and when to create an LLC for your music business. Whether it's protecting your intellectual property, managing finances effectively, or understanding the importance of quality human capital, this guide is packed with valuable insights. Ideal for artists, producers, songwriters, or aspiring music executives, this video is your first step toward building a successful record label. Don't miss our 60-Day Record Label course and the free guide, "10 Ways to Increase Your Record Label Profits," for more in-depth knowledge and tools to thrive in the music industry. 00:00 - Let’s talk! 00:52 - You Cannot Sign an Artist to Yourself 01:38 - Intellectual Property should NOT Be Held in Your Name 02:28 - Money Should Flow into a Business, Not Your Hands 03:35 - Start-Up Cost and Organization Cost Write-Offs 04:48 - Quality Human Capital 05:56 - “What should I do first?” 06:09 - “How much does it cost to start?” 06:27 - “When should I create a Parent Company?” 07:52 - Setting up your Company Flawlessly 09:34 - If you DO Start the LLC First 09:58 - If you DON’T Start the LLC First 10:45 - My Final Thoughts ↓↓↓↓↓↓↓↓↓ 60 DAY RECORD LABEL COURSE https://www.musicmoneymakeover.com/60... ↓↓↓↓↓↓↓↓↓ BOOK A CALL https://www.musicmoneymakeover.com/bo... ↓↓↓↓↓↓↓↓↓ FREE STUFF 10 Major Steps to Increase Your Record Label's Profits https://www.musicmoneymakeover.com/10... ↓↓↓↓↓↓↓↓↓ ALL COURSES https://www.musicmoneymakeover.com/co... 60 Day Record Label™ PRO Course 60 Day Record Label™ Essentials Course Music Producer Contract Course 360 Deal Contract Course BOOKS & PRODUCTS The 60-Day Record Label Executive Edition https://www.musicmoneymakeover.com/pr... Grab the DISCOUNT Music Money Maximizer Bundle Here! https://bit.ly/MMMaximizerBundle Donate https://cash.app/$CaseyGMMM www.venmo.com/CaseyGMMM --------------------------------------------------------------- Follow Me and the Show TikTok:   / musicmoneymakeovershow   LinkedIn:   / casey-graham-04a63935   Facebook:   / musicmoneymakeover   Instagram:   / musicmoneymakeover   Video Copyright © 2024 Music Money Makeover LLC (www.musicmoneymakeover.com) --------------------------------------------------------------- #MusicMoneyMakeover #recordlabel #llc