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.
Business Management With Enterprise In Texas
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In Texas, LLCs that wish to operate under a name different from their legal business name must file a DBA with the Texas Secretary of State. The law allows an LLC to register multiple DBAs, and there is no limit on how many you can have.
Rather than forming separate LLCs, business owners can file DBAs to operate individual lines of business under a single LLC. For instance, an entrepreneur might decide to form “Furry Best Friend, LLC” and file two DBAs under that LLC: “Patience Makes Perfect Dog Training” for their dog training services.
First, the name must include the words “Limited Liability Company” or one of its abbreviations, such as “LLC” or “L.L.C.” This requirement helps clarify the legal structure of the business to the public. Second, the name must be distinguishable from other LLC names already on file with the Texas Secretary of State.
Create an LLC Holding Company With Individual LLCs Under It. Another option for running multiple businesses is to create individual LLCs for each of the businesses and then put them under one parent LLC that acts as a holding company.
An Assumed Name / DBA (Doing Business as) should be filed with the County Clerk's Office in which business is to be conducted. Unincorporated assumed name certificate forms can be completed in person or submitted by mail if notarized.
While entrepreneurship involves the creation of one's own enterprise, management, on the other hand, provides a helping hand to an already-established business. By understanding the differences between these two practices, one can decide which career pathway to pursue.
CONCLUSION. In short, an entrepreneur creates a business by taking financial risks to make it grow. A manager, on the other hand, is responsible for managing part of an existing business, with the goal of maximizing business performance and results.
Entrepreneurship The process of identifying opportunities for which marketable needs exist and assuming the risk of creating an organization to satisfy them. small business management The ongoing process of owning and operating an established business.
Entrepreneurship The process of identifying opportunities for which marketable needs exist and assuming the risk of creating an organization to satisfy them. small business management The ongoing process of owning and operating an established business.
Based on management and economics, this major deals with the production and operation activities of business enterprises and promotes the application of theories and methods in system engineering and computer techniques with its comprehensive and cross-discipline characteristics.
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