Anthony Robert Caruso's Answers

Do I need an entertainment lawyer ?

All contracts should be reviewed by an attorney with expertise in the related subject matter. Single song contracts contain provisions that can affect your rights in various ways. Even if the contract is "not subject to negotiation", you should at least understand the legal implication of signing a binding contract before you sign.

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Business law

The short answer is "possibly", depending upon factors such as whether you followed certain precautions when soliciting investors, or whether your actions can be viewed as exceeding the scope of your capacity as a member in the LLC. When raising investment money, it is always recommended that you hire an attorney to help you with various tasks, such as drafting a prospectus disclosing certain information and outlining the risks, and also properly screening your investors with questionnaires,...

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What is a typical percentage of sharing of gross income for a producer and actor who is managed by a third party

No, this is not customary but could be a result reached among parties negotiating without equal leverage. A lot depends upon the type of project, other rights being conveyed or retained, and other contract issues. It is more typical for a manager in a standard management relationship to receive less than 25% but again, it is a function of other aspects of the deal. You should seek the advice of legal counsel to review all parts of the deal so this part can be evaluated in proper context.