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Re: [Logic_Cafe] music publishing biz

2007-04-05 by Tim McLane

(comments below)
  ----- Original Message ----- 
  From: GAmoore@... 
  To: Logic_Cafe@yahoogroups.com 
  Sent: Thursday, April 05, 2007 11:25 AM
  Subject: Re: [Logic_Cafe] music publishing biz


  > 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. It sounds like you live in LA-- it's not that bad everywhere.  

  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. If you can find it, I'm still not sure it would be a good idea.  But just remember: this is your business and there are plenty of people who are making money in this business, many of them are writer/publisher individuals.  It's a pain but life is a trade off: take this pain or the pain or working at Walmart while you watch them sell your product.  

  Another thing to remember: one of the most important thing you can do is to get to know yourself and be mature about what you see.  Are you a business person?  If not, get a partner.  I know many wives who have saved the company.  The other thing to consider is that, as hard as it seems to get started in this business, if you have nice sounds, there will be somebody out there looking for your product.  You need to find them and then figure out if they are going to be a trustworthy partner or not.

  Good luck.


  t


  **************************************
  See what's free at http://www.aol.com.

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