From 0d6559edbb941a086769019d19e20af607f1d5a4 Mon Sep 17 00:00:00 2001 From: ronny abraham Date: Wed, 29 Jan 2025 19:27:49 +0200 Subject: [PATCH] instrumental style llc --- .../v03-build-production-pt3.org | 95 +++++++++++++++++++ 1 file changed, 95 insertions(+) diff --git a/_subsections/music-production-company/v03-build-production-pt3.org b/_subsections/music-production-company/v03-build-production-pt3.org index 8362ec8..28d2d47 100644 --- a/_subsections/music-production-company/v03-build-production-pt3.org +++ b/_subsections/music-production-company/v03-build-production-pt3.org @@ -9,3 +9,98 @@ * Notes - company structure setup for the ecosystem - you will start with one LLC and build three + +** preface +- what you need to build the instrumentalist style production company + - 3 LLCs + - 3 EIN numbers + - 2-3 bank accounts + - accountant + - corporate attorney + - tax attorney + +** ultimate company setup +this will set you up for the quarter million club + +1. Operations LLC +2. Record Label / Publishing Company +3. Entertainment Company + + +*** operations company +- leasing beats +- beat sales + - selling masters to record companies +- producer royalties +- extras + - recording + - mixing + +*** record company / publishing company +- beats you sold and own +- holds ownership of master / publishing + - record / streaming royalties +- publishing DBA (doing business as) + - publishing royalties (all revenue is passed through to a record company) + +**** Publishing DBA +- Doing Business As refers to an alternate business name under which a company operates, rather than using its legal name + +- used by songwriters, composers and independent music publishers who want to register under a specific business name for publishing rights and royalty collection instead of using their personal name or their company's formal legal name + +***** Key reasons for using a Publishing DBA +1. Brand identiy + - operate under a distinct name + - brand recognition +2. PRO Registeration (Performance Rights Organization) + - ASCAP BMI, SESAC require publishers to register under a unique publishing entity name to collect royalties + - many independent songwriters use a DBA to create their own publshing company under a PRO +3. Legal & Business Structure + - allows someone to do business as teh same legal entity under a different name + - used for sole properietorships or LLCs that need a distinct publishing identity +4. Contracts & Licensing + - can be used to sign contracts, license music and register copyrights under a professional name + +***** How to Register a Publishing DBA +1. check availability +2. file with local government +3. register with a PRO +4. open a bank account +5. copyright & licensing - use the DBA when + - registering copyrights + - sync licenses + - use your music when paired with visual medium + - sync mechanical rights + - reproduce and distribute a song in physical or digital formats + +**** Performance Rights Organization +collects and distributes performance royalties when the music is publicly performed + +1. collect royalties + - radio + - tv + - streaming services + - live venues + - bars + - clubs + - public spaces +2. distribute royalties + - based on share of ownership in the song +3. issue licenses to play copyrighted music + - radio stations + - streaming platforms + - restaurants + - event venues +4. track music usage + - radio + - tv + - live performances + - digital streaming + - background music in public places + +*** entertainment company +- place to handle everything for the road up to 50k a year + - touring + - merchandise + - brand endorsements + - sponsorships