One of the most important and divisive individuals in the music business is Kanye West. He has been in the spotlight for more than ten years, and both fans and critics have complimented and decried his music. Whether Kanye is an independent artist is one of the questions that many people have. Kanye is not an independent artist, to put it briefly. But the subject is trickier than it seems, and it needs a more thorough explanation.
Kanye West is a signed artist of the Universal Music Group subsidiary Def Jam Recordings. This indicates that Def Jam has the sole authority to market and distribute Kanye’s music. A portion of the money made by Kanye’s music is given to Def Jam in return for these services. This arrangement is typical of large record labels and is in stark contrast to the autonomy that many musicians yearn for.
Kanye has made an attempt to depart from the conventional model of major record labels, though. He declared in 2016 that Jay-Z’s streaming service Tidal will be the only place to hear his music. Kanye’s dissatisfaction with the meager creative control that record labels grant their musicians served as the driving force behind this choice. Kanye was able to maintain more control over the distribution of his music by putting it on Tidal.
The first of the associated questions has a yes response, therefore we will go on. As a hobby, you can sell artwork. Many people like making art in their spare time, and others may decide to sell it in order to supplement their income. However, it’s crucial to keep in mind that if you routinely sell your artwork and turn a profit, you can be regarded as a small business owner for tax purposes. The answer is yes to selling art on the street, however it may be subject to regional laws. Before selling their work on the street, artists must seek a permit in some cities, but not in others. Before erecting a street-side art stand, it is crucial to do your homework regarding the rules and ordinances in your area.
The answer to the query of whether an LLC is required to sell beats is no, but it might have some advantages. A sort of corporate structure that shields its owners from personal liability is an LLC, or limited liability company. In order to safeguard your personal assets in the event of legal problems, creating an LLC may be a smart move if you intend to sell beats on a regular basis.
Finally, are SBA loans available to musicians? As long as they satisfy the eligibility standards, the answer is yes. Small enterprises, including those in the music industry, can apply for financing from the Small Business Administration. These loans can be used by musicians to finance their projects, buy equipment, or pay for other operational costs.
Kanye West has made attempts to depart from the major record label business, yet he is not an independent artist in the conventional sense. Regarding the topics that follow, it is conceivable to sell art as a hobby or on the street; creating an LLC may be advantageous for selling beats; and musicians are qualified for SBA financing.