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Re: [Logic_Cafe] music publishing biz

2007-04-05 by GAmoore@aol.com

> I knew it wasnt as
> simple as calling yourself a publisher and printing up letterheads.
> When income taxes are gonna be involved, the government doesnt make
> anything that simple hehehe!
> 
I started a little software company so I did the dba by contacting a local 
paper and paying about $70 or whatever the fee for them to run the ad, and they 
handled the county filing too. I did it twice actually because I changed the 
name of the business, and the first time I used another city address where I 
had a PO box, but when I used my own city, they found the ad and started 
demanding the business licenses fees as I mentioned before.

As for taxes, I am no expert, but it seems like if you do a "sole proprietor" 
you don't have to pay any taxes if you don't make any money, but of course 
you do pay taxes if you make money. I had to get a tax id number for the company 
which is like (but different from) a personal SSN. There is another option to 
a Limited Liability Corporation which has the advantage no one can sue you 
personally but there is a filing fee and a minimum of annual tax of $600-$800 
even if you don't make a penny.

This is why I was hoping that someone has created a publishing company which 
just acts like a shell and takes a little commission but not 1/2 of 
everything.



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