Although they may start out writing songs in a bedroom and practicing in a garage, all successful recording artists eventually become business owners. Structuring a music enterprise into a business entity not only ensures that artists are taken seriously by the industry, but also provides an array of important protections for artists and their assets. The lawyers in the Dickinson Wright Entertainment, Sports and Media group have spent their careers guiding emerging singers, musicians, and other artists through the business formation process – from choosing the right corporate entity to establishing the best legal structure. We serve as trusted advisors, giving sound advice informed by both a thorough understanding of corporate law and an intimate knowledge of the music industry itself – knowledge that can only be gained by direct experience.
Established artists, as well as recording labels, publishers, and others, also turn to Dickinson Wright as their businesses grow and flourish. We assist with every aspect of running a successful company in a competitive industry. Our lawyers also regularly advise clients on the purchase and sale of businesses. And because we have handled so many of these transactions, we are widely recognized for providing accurate valuations of publishing catalogs and other assets. These valuations have become increasingly complex in light of the new digital economy and shifting copyright laws. However, the deep industry knowledge we bring ensures that clients have a clear sense of what their businesses are actually worth, allowing for informed, strategic decisions.
Our work in this area includes:
• Advising on choosing the right corporate entity and structure.
• Drafting articles, bylaws, operating agreements, compensation agreements, shareholder agreements, tax registrations, and resolutions.
• Providing counsel on corporate governance issues.
• Conducting due diligence and valuation in advance of the purchase or sale of a business, as well as all other aspects of a transaction through to completion.