instrumental style llc

_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