pM of impk21.co
New member
I was thinkin about some things and figured this would be the place to for some answers.
What I mean by legal is, how do I know when to report earnings as far as tax purposes?, does it matter if I am a legit label (so to speak)? cuz right now Im just a name, nothing in legal writting saying Im for real. I have a website and thats it and I make beats for various artists and other people within our group. Should I worry about being legit, will it affect things down the road if Im not. Most projects will be going under a another label that is Legit, meanig theyve signed papers and documented they are, so to speak, a business. Should I worry about it? Most of you probably know that any money earned really dont go anywhere but into the next project, advertisments, new studio gear, etc. Basically Im just producing beats right now and recording material for our projects. At the same time I wanna cover my ass on all things. Everything.............get at me, thanx, pm
What I mean by legal is, how do I know when to report earnings as far as tax purposes?, does it matter if I am a legit label (so to speak)? cuz right now Im just a name, nothing in legal writting saying Im for real. I have a website and thats it and I make beats for various artists and other people within our group. Should I worry about being legit, will it affect things down the road if Im not. Most projects will be going under a another label that is Legit, meanig theyve signed papers and documented they are, so to speak, a business. Should I worry about it? Most of you probably know that any money earned really dont go anywhere but into the next project, advertisments, new studio gear, etc. Basically Im just producing beats right now and recording material for our projects. At the same time I wanna cover my ass on all things. Everything.............get at me, thanx, pm