Are you an artist? Band? Composer? Beat maker?....
You need to know that business principles apply the same and across industries. In a world where "you" are a brand, the right business set up is essential. So, let's dive in!
Forming an entity would be the first step. A corporation or LLC could offer you the best limited liability possible to embark in a music related project.
In the case of Florida (or any other state), you have to go to the dept. of State and file the articles for the entity needed. I would recommend a Limited Liability Company or LLC as mentioned above since it offers the greatest protection. Then, elect an "S" corporation status (even if you formed an LLC), and check with your accountant or tax professional for all the benefits available.
An entity could offer a better tax bracket and even save you money in your earnings. Even if there are no earnings, you could benefit from claiming your losses.
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