Sunday, February 21, 2021

How To Start an LLC WITHOUT Paying a Lawyer

How To Start an LLC WITHOUT Paying a Lawyer

If you want to learn how to set up an LLC online and without hiring a lawyer, this is the video for you. I show you exactly how I set up an LLC for my new business in under 30 minutes, step-by-step. I've set up several successful LLCs and in this video I want to show you exactly how. LLC stands for "limited liability company." An LLC is one type of legal entity that can be formed to own and operate a business. LLCs are popular because they provide the same limited liability as a corporation, but are cheaper and easier to form and run. If you're starting a new business and expect money to start flowing in soon, then I suggest starting an LLC.

Wednesday, February 10, 2021

How Jay-Z STEALS Artists from SMALL Record Labels

How Jay-Z STEALS Artists from SMALL Record Labels In this clip from a consultation session last week, I discuss starting your own record label, signing artists, publishing and loyalty. I also discuss how Houston, TX based artist Megan Thee Stallion recently sued her record label, 1501 Entertainment, after she wanted to renegotiate her record deal. Megan signed a 360 deal with baseball star Carl Crawford's record label 1501 Entertainment, a few years back. After reaching stardom, it was reported that Jay-Z's management company, Roc Nation, reached out to Megan regarding their interest in managing her career. Shortly after the news that Megan was going to be working with Roc Nation, reports started to surface that Megan was in talks of suing her record label, due to her wanting to renegotiate her agreement with 1501. Usually when up and coming artists gain fame, various management companies will gain interest in the artist. Management companies will want to see your contracts and offer advice on your behalf, but this practice is known in law as "tortious interference". Tortious interference, also known as intentional interference with contractual relations, in the common law of torts, occurs when one person intentionally damages someone else's contractual or business relationships with a third party, causing economic harm. Whether intentional or not, you should not interfere with other people's financial agreements. This is how Jay-Z and other artists management companies steal artists from smaller independent labels. I recently won a six-figure lawsuit a few years ago due to unscrupulous artists, management companies and lawyers who will cut anyone's throat to get ahead in life and in business. The music business can be great, but it can also be dirty. Loyalty may play a major part in your success in the music business. Is your loyalty based on how much you can get paid or is it based on your true belief in yourself and your team / situation? I don't put much faith in loyalty nowadays. What are your thoughts? Check out the video and make sure to Like, Comment, Share this video and Subscribe to the channel if you haven't already.

Monday, February 1, 2021

How DIDDY Made MILLIONS from Music Publishing

In this clip from a consultation session, I speak with an entrepreneur from Florida named Nuko. We talk about setting up a publishing company and I also discuss with her how Sean "P. Diddy" Combs set up a successful publishing company along with his hit record label Bad Boy Records. I've always respected Diddy as an entrepreneur and I've heard several stories about his rise to success and fame. One of the stories that I've heard dealt with him taking large sums of his artists publishing royalties. In the 90s, record labels spent lots of money to market their artists, so the labels taking a portion of the artists publishing money can be justified. Musicians depend on publishing royalties and artists often regret signing publishing deals later in life, when their music and touring revenue begins to slow down. Some of these publishing deals are straight up predatory. Music artists are often unemployed and in need of money and artists often sign deals without consultation. A record label or publishing company may offer the artist an advance, which means cash in their hands right now. This is how the music business works and this is why labels like young and naive artists. You can't hate on a business man or woman for trying to make a profit. The whole point in being in business, is to profit. No one is in business to lose. You must try your best to never take business personally, even though business and finance has an affect on your livelihood. I also share the story of the day I received my first publishing check in the mail. Check out the video and make sure to Like, Comment, Share this video and Subscribe to the channel if you haven't already.