It’s important that the business arrangement between a manager and their client (artist, musician, songwriter, producer, engineer, etc) be put into writing and signed by both parties in the form of an artist management contract or music manager agreement.
Even though disasters cannot always be avoided, obligations can be made much clearer and responsibilities more easily understood with the presence of a written artist management agreement. Before you get an attorney to draft a contract for you, however, you should first take stock of what you are prepared to do with and for an artist and what you expect out of the relationship.
Management Company Names In Phoenix
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Generally, it's best practice to create a business that's distinct from you as a person, which might require a unique name. But for some small business owners, naming your business after yourself makes sense. If you do go that route, you should be very, very careful to treat your LLC as a distinct entity.
Legal Name vs Tradename Your LLC name does not have to be your business name or match your website name for marketing purposes. But for the legal and financial aspects of doing business, you should use the exact LLC name registered with your state. Here's how it works.
Visit the Arizona Corporations Commission's eCorp entity search. Choose your “Search Type” (“Starts With,” “Contains,” or “Exact Match”) Enter all or part of your business name in the “Entity Name” box.
Arizona LLC Name Requirements Your business's name must end with one of the following: Limited liability company. Limited company. L.L.C.
The right name The name must contain the words “limited liability company” or the abbreviations “LLC” or “L.L.C.” It also cannot contain prohibited words that sound like a federal or state agency (for example, “FBI,” or “Treasury”). Most importantly, you must choose a name that is not already in use by another entity.
Arizona limited liability company law requires that the names and addresses of all of the members of the LLC must be disclosed in the Articles of Organization filed with the Arizona Corporation Commission.
What is another word for property manager? housing managerproperty supervisor real estate manager rental manager estate manager residential manager community association manager
Your list of weaknesses might look something like this: Underperforming occupancy rate for specific units. Underperforming in one listing channel. Not yet established in the local rental market. Lack of social media presence. Weak number of direct bookings. Little automation of tasks. Disorganized reporting.
Arizona demands that property managers hold a real estate broker's license to legally engage in property management. Securing this license involves finishing 90 hours of education, a 6-hour contract writing class, passing a rigorous state exam, and undergoing a comprehensive background check.
Property management companies are profitable since they typically operate at 10-15% profit rates. While this is a general industry standard, you'll want to ensure the company's profit margin doesn't go below 10%, even if a lower value doesn't mean the company is financially unhealthy.