The future
I want to create my own small business (music management/booking...maybe even a record label afterwards) and either incorporate or become an LLC...and file a DBA and get an EID and...and...and...
I'm confused and excited and hope that this idea doesn't ware off in a week...but whereas earlier in my life, I'd get big ideas and they'd pair down within a week, this is an idea that's been percolating for a number of months, actually, and today, while doing shoulder presses at the gym, it exploded and i started doing research. And over the past year, all the "big ideas" I've had that used to implode or dissolve have stayed with me.
It's kinda expensive to start-up, and it's a huge risk, but I know I can do it. There's just so much to learn.
I wish I knew a lawyer and/or CPA who would help me start up (preferably for no or little fee...and maybe be a partner in the business so their work wouldn't go unrewarded?) things and figure out what exactly I need.
I could do this personally and not as a business for a year slowly and see if there's a chance of me being successful. I have friends in all aspects of this that would be partners in one way or the other -- except for the lawyer and CPA thing, but the artistic end of things.
I figure that once becoming a business, I'd be a good 5-10 years away from being sustainable as a sole source of income, and the business would probably be in debt for the first 3-6 years. (Which is part of why I'd want to incorporate or be an LLC, so that the business failures would not cause personal bankruptcy.)
I think over the next few months, I will talk to my brother-in-law (MBA from harvard, works for a startup), my dad (self-employed, was a PC for almost 30 years and recently unincorporated. I think he may be an LLC now...), the executive at a record company whom I take a class from, and perhaps my old boss at a restaurant I worked in. (He was the owner, used to be a lawyer, and the business folded...so I know he knows about avoiding personal bankruptcy while having a business collapse.)
This is all so confusing...and I hope this desire to do it doesn't fizzle...
I'm confused and excited and hope that this idea doesn't ware off in a week...but whereas earlier in my life, I'd get big ideas and they'd pair down within a week, this is an idea that's been percolating for a number of months, actually, and today, while doing shoulder presses at the gym, it exploded and i started doing research. And over the past year, all the "big ideas" I've had that used to implode or dissolve have stayed with me.
It's kinda expensive to start-up, and it's a huge risk, but I know I can do it. There's just so much to learn.
I wish I knew a lawyer and/or CPA who would help me start up (preferably for no or little fee...and maybe be a partner in the business so their work wouldn't go unrewarded?) things and figure out what exactly I need.
I could do this personally and not as a business for a year slowly and see if there's a chance of me being successful. I have friends in all aspects of this that would be partners in one way or the other -- except for the lawyer and CPA thing, but the artistic end of things.
I figure that once becoming a business, I'd be a good 5-10 years away from being sustainable as a sole source of income, and the business would probably be in debt for the first 3-6 years. (Which is part of why I'd want to incorporate or be an LLC, so that the business failures would not cause personal bankruptcy.)
I think over the next few months, I will talk to my brother-in-law (MBA from harvard, works for a startup), my dad (self-employed, was a PC for almost 30 years and recently unincorporated. I think he may be an LLC now...), the executive at a record company whom I take a class from, and perhaps my old boss at a restaurant I worked in. (He was the owner, used to be a lawyer, and the business folded...so I know he knows about avoiding personal bankruptcy while having a business collapse.)
This is all so confusing...and I hope this desire to do it doesn't fizzle...