You've Developed Your Art, But What About Your Business?

Setting up a Limited Liability Company ("LLC") or Limited Liability Partnership ("LLP") can keep you from being personally on the hook if a lawsuit is pursued against you or your group. Whether a patron is injured by tripping over a microphone stand at one of your gigs, or a venue seeks payment from you after getting slapped with a $40,000 bill by a performing rights organization for allowing you to cover popular songs without a license (yes, this happens!), exposure to personal liability can be reduced by setting up a business organization.