It’s important that the business arrangement between a manager and their client (artist, musician, songwriter, producer, engineer, etc) be put into writing and signed by both parties in the form of an artist management contract or music manager agreement.
Even though disasters cannot always be avoided, obligations can be made much clearer and responsibilities more easily understood with the presence of a written artist management agreement. Before you get an attorney to draft a contract for you, however, you should first take stock of what you are prepared to do with and for an artist and what you expect out of the relationship.
Business Management Company Names In Massachusetts
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A Massachusetts DBA is any name your business operates under that's different from your legal business name. Any type of business—Massachusetts sole proprietorship, general partnership, LLC, or corporation—can use a DBA to establish or rebrand their business's image, boost brand awareness, and increase credibility.
A Massachusetts LLC is similar to a corporation but less formal. The owners are referred to as “members,” whereas the owners of a corporation are its “shareholders.” Members of an LLC are taxed like a sole proprietorship, partnership, or S Corp, with income from the LLC passing through to the LLC members.
An LLC with two or more members will be treated as a partnership if it's treated as a partnership for federal tax purposes. An LLC will be treated as a corporation for Massachusetts income tax purposes if it is classified as such for federal tax purposes.
In summary, LLCs offer more flexibility in management and taxation, while corporations have a more standardized structure that may be better suited for businesses seeking outside investment.
Specifically, a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and affirmatively elects to be treated as a corporation.
LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners). Non-U.S. citizens/residents can be members of LLCs; S corps may not have non-U.S. citizens/residents as shareholders.
Most states require companies using an assumed name to register, however, 13 states (Alabama, Alaska, Arizona, Delaware, Florida, Hawaii, Kansas, Maryland, Mississippi, Nebraska, Ohio, Wisconsin, and Wyoming) do not have a state filing requirement.
You must file a business certificate (sometimes called a DBA or “doing business as” name) if your business operates under any name other than its legal name. The “legal name” is the official name used when incorporating or, in the case of a sole proprietor, the owner's legal name.
Alphabetize single letters in business names separately, ignoring any punctuation that may appear between them. A company named "J & J Consulting" should be filed before one named "JM Auto Body." Use the last name to alphabetize businesses that include an individual's name.
But the law in most states is that unless the DBA name is registered — which is done by making a filing in the state — a sole proprietor/person can only do business under his or her own name, and corporations and LLCs can only do business under the name on their formation document.
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Check your business name. Learn what you need to know about naming an LLC in MA with Bizee's helpful resources.Pick your perfect business name today! To start an LLC, you'll file a Certificate of Organization with the Secretary of the Commonwealth. In order to form a domestic limited liability company, one or more persons must execute a certificate of organization. The naming regulations in Massachusetts also include requirements regarding the use of company suffixes such as LLC, LP, or Corp. For most small businesses, registering your business is as simple as registering your business name with state and local governments. Your name must include the phrase "limited liability company" or "limited company" or one of their abbreviations (LLC, L.L.C., LC, or L.C.). The first step is to file a form called the Certificate of Amendment with the Secretary of State and wait for it to be approved. Note: You can use a comma in your Massachusetts LLC name or you can leave it out.