By Steve Moore
Even if you are a solo artist, songwriter, or a part of a band looking to create a occupation within the song enterprise, there comes the necessity to determine greater than the place the following gig can be. there are lots of felony and enterprise info to appreciate prior to you signal a freelance with a list label or publishing corporation. this helpful and easy-to-follow consultant presents a transparent course for relocating your occupation ahead and gaining regulate over your destiny during this company. you will research the stairs you have to absorb any song style to show your specialist track occupation right into a valid and ecocnomic enterprise. along with his mixed event as an leisure legal professional, autonomous list label proprietor, writer, musician, writer Steve Moore presents a uniquely invaluable standpoint. via a practical, simple, plain-English strategy, this e-book acts because the ideal advisor to get your profession relocating within the correct path from begin to end -- saving you time, complications, and cash!
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Additional resources for The Truth About the Music Business: A Grassroots Business and Legal Guide (Book)
You also don’t have to split any of the money you make with anyone after you pay your taxes and overhead—unless you are married, of course, which means you’re not necessarily in business for yourself. You may share assets with your spouse, depending on the state you live in. This means you and your spouse could be on the hook if you incur any liability that your sole-proprietorship business can’t pay out of your business account, or assets for any act of liability for which your sole-proprietorship business may have some type of exposure.
This company has attorneys pay to be listed in its books and on-line for this very purpose. The listings include where the attorneys went to school, what type of practice they specialize in, their qualiﬁcations or certiﬁcations, as well as other information. Also, larger cities usually have bar associations that have referral services that can refer you to an attorney who practices in the area that you need. And the best way to ﬁnd an attorney is to rely upon your friends or associates who may have had the need for a lawyer in the past.
If you are sued successfully and you don’t have the appropriate insurance, you could lose your music equipment, your car, and/or your home. In fact, if you are found to be 30 The Truth About the Music Business: A Grassroots Business and Legal Guide liable and the judgment is more than you can pay, you could end up having to ﬁ le personal bankruptcy. You also have to pay your taxes as an individual. Therefore, you have to pay quarterly taxes in advance based upon money that you haven’t even earned yet, and you only get deductions as an individual.