30-DAYS CHALLENGE

day 6

Set Up An LLC

WHY THIS IS IMPORTANT

Take the next step in formalizing your business! Forming an LLC for your music business comes with many advantages, and will ultimately benefit you in the long run as you grow your business and make more sales.

YOU SHOULD CONSIDER CREATING AN LLC IF YOU HAVE:

  1. Gotten your business off the ground and have found your first
    paying customer
  2. Want to avoid putting your personal assets at risk
  3. Have multiple owners and/or partners in the business
need help

DOWNLOAD OUR guide to
setting up an llc & EIN

This guide lays out if an LLC & EIN is right for you and what you’ll need to do if you decide to set one up.

Download

fun fact

AS AN LLC, MANY NECESSARY BUSINESS EXPENSES BECOME TAX DEDUCTIONS, SUCH AS:

  1. Advertising and promotion
  2. Work-related supplies (E.G. Software, Computers)
  3. Phone and internet expenses
  4. Home office expenses (E.G. A portion of rent)
  5. Work-related travel expenses
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