From the course: Podcasting: Business and Law
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Choosing your business form
From the course: Podcasting: Business and Law
Choosing your business form
- [Voiceover] Choosing your business form. If you're treating your podcast as a business venture and you plan to profit from it, you should know what type of business you're operating. That is, whether you're a sole proprietor, partnership, LLC, or corporation. Knowing your business form is another way of seeing who owns your podcast. Most likely, if you're operating by yourself, your business is a sole proprietorship, and you own everything. If you're working with others, the arrangement could be a partnership, and ownership may be shared. The distinction is important. Consider a dispute involving Adam Carolla, who started his podcast in 2009 with a producer friend Donny Misraje. In 2012, Carolla fired Misraje. Misraje sued Carolla for several million dollars, claiming that the podcast was a partnership, and that as a partner, he was entitled to a share. Carolla claimed that he owned the podcast business as a sole proprietor. If the business was a sole proprietorship, Carolla could…
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