2025-01-14 11:21:23 +02:00
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#+title: How to Build a Production Company LLC for Music Producers
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2025-01-21 02:25:01 +02:00
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#+HTML_HEAD: <link rel="stylesheet" type="text/css" href="../../../_share/media/css/org-media-sass/categories/business.css" />
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2024-12-29 11:09:10 +02:00
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* Links
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#+attr_html: :class links
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- [[../../toc.org][TOC - Music Money Makeover]]
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- [[https://youtu.be/oxHJ5uVe-ss?si=NF9vkZjPifMt0m-5][youtube video]]
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* Notes
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2025-01-14 11:21:23 +02:00
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** intro
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- casey graham
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- book "The Musicians Guide to Self Publishing"
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- for texting
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- 470 - 291 - 5767
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- add name or he will not reply
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- how to build a production company LLC as an artist
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- one way producers can build a production company for themselves
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** copyright explained
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two main rights of copy in the music industry
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1. "masters"
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2. publishing
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*** masters
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**** sound recording copyright of the composition and or song
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- sound recordings include
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- records
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- masters
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- phonogram ℗ (sound recording copyright symbol)
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- audio recording files
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- wav, mp3, aiff
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- master recoring royalties
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**** master recording royalties
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1. through the distributor
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- tunecore
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- distrokid
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2. major label
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**** performance royalties
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- soundexchange (US based)
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- PPL (UK based)
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- collection companies outside the US are referred to as "neighboring rights"
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*** Publishing
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- performing arts copyright
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- composition
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- sheet music
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- midi files
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- publishing
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- song to be performed
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**** collect performance royalties for the composition
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- [[https://www.bmi.com/][BMI]]
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- [[https://www.sesac.com/][SESAC]]
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- [[https://www.ascap.com/][ASCAP]]
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- The American Society of Composers, Authors and Publishers
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- US based
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- [[https://www.prsformusic.com/][PRS for Music]]
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- (UK based)
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**** mechanical rights collections
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- [[https://www.harryfox.com/][HFA]] - Harry Fox Agency
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- [[https://www.musicreports.com/][Music Reports]]
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- [[https://www.themlc.com/][The MLC]] - Mechancical Licensing Collective
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**** lyric display royalties
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- [[https://www.lyricfind.com/][LyricFind]]
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- [[https://www.musixmatch.com/][musixmatch]]
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*** 6 Rights of Copyright
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United States Code title 17
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1. Right to Reproduce
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2. Right to Prepare Derivative Works
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3. Right to Distribute
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4. Right to Public Performance
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5. Right to Public Display
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6. Right to Digital Performance
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** Creating Structure
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*** preface of needs
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- 2 LLCs
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- 2 EIN numbers
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- Bank Account (business)
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- Accountant
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- Corporate Attorney
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- Tax Attorney
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*** book
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- The Musicians Guide to Self Publishing
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- "being on your way to being investible"
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** Ultimate Company Setup
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*** LLCs
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- Operations
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- Asset Holdings
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*** Operations LLC
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- Physical Labor (income)
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- Leasing
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- Beat Sales
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- exchanging of master rights to new owner in exchange for producer advance
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- Publishing Royalties
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- Endorsements
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- Producer Royalties
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- master royalties owed from record company when you sold the beat
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*** Asset Holding LLC
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**** What its for
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- where copyrights are held
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- $50 - $100 a year
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- the more valuable assets you have in the company the easier it will be to do a publishing deal with you as an asset owner.
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**** Income
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- direct income into this company, NOT royalties
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- the only transaction you make is when you do a publishing deal advance as a lump sum
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**** Caution
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- don't infringe on any compositional or master rights when signing service contracts under this business
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- otherwise the LLC will get sued for everything it has
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- *KNOW* when you are sampling something
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- educate on what a sample is
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- WHEN you are sampling
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- CLEAR YOUR SAMPLES
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