If your primary product i.e. your music is not generating a significant amount of cash, then stay as a partnership or sole proprietor for now.
I see so many startup labels, and moreso other forms of business etc file as corporate entities and they're paying that corporate fee every year and they're barely making enough to cover that expense alone.
Make sure you keep good records and receipts for business related items for the recording of this project and trust me, you'll be fine.
AMEN!!! I want to shut my LLC down sooooo bad, all we do is hemorage money, Then this time every year you get hit with fees!
If it werent for intense pressure by people who dont spend or invest any money in my business I would prolly have done whatever it takes to shut it down.
I started thinking that we were real close and that it would make everybody serious about what we were doing. It did.. every single one of them disappeared when they saw they had to spend money to make money, cats I had been doin music with for 10 years or better, gone. lol
It made ME more serious fasho!
Im getting to the point where I'm prolly gonna shut it down and just do this shit for fun. no body wants an old white dude in the market, and I cant seem to get the proper management and marketing people to "see" the vision without spending buku cash(not the rapper).Probably the moment I shut it down ,shit will take off! lol