
Jackson Dahl
@jackson
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Highly recommend this interview.
I'm particularly intrigued by the "A Corp" legal structure as a means to improve long-term prospects for artists.
@yancey describes it as "a for-profit entity with a creative purpose alongside a financial or sustainability purpose."
From the transcript:
"...a new legal form called an artist corporation, or an A corp. An A corp would be like an S Corp, which is a small business corporation, or like an LLC." [...]
"My belief is that art, creative practices, and cultural production have reached a level of size and maturity, and have needs specific enough, that creating a dedicated form, a new capital base, and a whole new area of the economy is necessary. Our goal is to do this." [...]
"You have to pass laws at the state level. We have a plan for how to do that. Optimistically, a first law could be passed next year in a specific state in 2026." [...]
"I've come to feel that this is a new door that we will open up. Just as I
experienced with crowdfunding, once it was out in the wild and had oxygen, it felt incredibly obvious, and iteratively we learned what to do with it. My feeling is the same can happen here." 1 reply
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