I was reading an article on the Music Think Tank blog about “Music Management Skills: Network in person, not just online.” By Joe Taylor. A link led me to his website, which directed me to his book, and I found this to be very useful for my business endeavors. This shows that strategic placing of links and how it can be beneficial. Artist management seems to be a profession that many jump into with the thoughts of becoming the next Russell Simmons, Diddy, or even Jay-Z. However it takes much more skill than just the knowledge of music. It takes tenacity, persistence, and FOCUS ON YOUR ARTIST!!
The most important thing you need to remember is to make sure you are covering all the legalities of working as an artist manager. Have you researched the name you wish to use? You may do so by going to www.SunBiz.org if you are in Florida. If not check w/your Secretary of State in the state that you are located in. You then want to make sure you Google & search your desired name w/ the US Patent & Trademarks department.. When you are deciding to conduct business from home it is also best to acquire a separate address even a P.O. Box would do. They usually start at $12 for a 6 month term. That way all of your business mail is separate form your personal. Because remember you must conduct yourself in a professional manner. The separate mail box further protects your privacy as an individual. One thing that Rising Phoenix Entertainment Group (RPEG) did second was order an EIN number so that you register yourself as a business. There are several other legalities that you have to cover, however the last two I am going to mention will be to make sure that you acquire a business license from your town or county. And SEPARATE YOUR PERSONAL FUNDS FROM THE BUSINESS FUNDS by getting a separate bank account!!
When it comes to managing an artist and booking shows for them you have to be aware of the Florida Statutes as it pertains to “acting as a talent manager” § 468.403. Managers tend to get themselves in trouble by not learning enough of what they are doing. You must properly research the field in which you are entering to avoid any legal troubles. You must make sure that all contracts have been clear and concise, and that all verbal & non-verbal communication is open for all parties involved. Although it is essential to the business, it definitely takes more than just a LOVE or an EAR FOR MUSIC to become an Artist manager. But one thing it does take is HEART!
Look out for more in depth information on my blog regarding becoming an Artist Manager the right way.
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