3.4 KiB
3.4 KiB
How to Build a Production Company LLC for Music Producers
Notes
intro
-
casey graham
- book "The Musicians Guide to Self Publishing"
-
for texting
- 470 - 291 - 5767
- add name or he will not reply
- how to build a production company LLC as an artist
- one way producers can build a production company for themselves
copyright explained
two main rights of copy in the music industry
- "masters"
- publishing
masters
sound recording copyright of the composition and or song
-
sound recordings include
- records
- masters
- phonogram ℗ (sound recording copyright symbol)
-
audio recording files
- wav, mp3, aiff
- master recoring royalties
master recording royalties
-
through the distributor
- tunecore
- distrokid
- major label
performance royalties
- soundexchange (US based)
- PPL (UK based)
- collection companies outside the US are referred to as "neighboring rights"
Publishing
-
performing arts copyright
- composition
- sheet music
- midi files
- publishing
- song to be performed
collect performance royalties for the composition
mechanical rights collections
- HFA - Harry Fox Agency
- Music Reports
- The MLC - Mechancical Licensing Collective
lyric display royalties
6 Rights of Copyright
United States Code title 17
- Right to Reproduce
- Right to Prepare Derivative Works
- Right to Distribute
- Right to Public Performance
- Right to Public Display
- Right to Digital Performance
Creating Structure
preface of needs
- 2 LLCs
- 2 EIN numbers
- Bank Account (business)
- Accountant
- Corporate Attorney
- Tax Attorney
book
- The Musicians Guide to Self Publishing
- "being on your way to being investible"
Ultimate Company Setup
LLCs
- Operations
- Asset Holdings
Operations LLC
-
Physical Labor (income)
- Leasing
-
Beat Sales
- exchanging of master rights to new owner in exchange for producer advance
- Publishing Royalties
- Endorsements
-
Producer Royalties
- master royalties owed from record company when you sold the beat
Asset Holding LLC
What its for
-
where copyrights are held
- $50 - $100 a year
- 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.
Income
- direct income into this company, NOT royalties
- the only transaction you make is when you do a publishing deal advance as a lump sum
Caution
- don't infringe on any compositional or master rights when signing service contracts under this business
- otherwise the LLC will get sued for everything it has
-
KNOW when you are sampling something
- educate on what a sample is
- WHEN you are sampling
- CLEAR YOUR SAMPLES