I've spent the last few weeks reading the forums msgs and McPherson's "Musicians Guide to the Music Business". I am partnering with an artist/producer to network himself as well as a few artists he is associated with. I've been slowly developing a plan on the process of transitions this hobby into a business and just request critique/suggestions for fellow board members. Phase I *Copyright all Individual Recordings and Full Length Projects *Register Works with PRO *Change Name of Current Co. to Serve as Publisher *Develop Website for artists *Filter music through myspace, itunes, and other related sites *Release full-length works via CD sales, alt media Questions 1. Is there a need to incorporate my partners songwriting efforts or is it simpler to do writing contributions via DBA as a writer? 2. Can a parent company oversee a subcompany that functions as record label/distributor and a publisher or would one benefit from having them legally separated? Phase II *Find Lawyer / Accountant *Complete Full Studio Set Up *Shop songs/beats various outlets *Signing artists to publishing/demo deals Questions 1. I know how to function Quickbooks fairly well, I feel like I could make it at least a year handlding the books myself and then have an overview prior tax season. Does anyone else handle their own books? 2. When one handles their own publishing, and signs other writers/artists what methods do you take to recoup artists for their work? Monthly, quarterly, or simply payments rendered after all costs are recouped? 3. How does one understand what is a fair rate when just starting and usings moderate equipment? I understand all of this will take time to go from one step to the next and one phase to the next; I am moreso looking for critques in regards to being on the right track. I appreciate everyone's feed back.