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Great one,50% up from the last one (which wasn’t bad anyway)!!
Same libraries,only better/more placements.
Yeap.
I’ve had a few RF sales (3) that gained some royalties.
Statistically,the chances for this to happen is close to 1/100 (at least in my case).I would certainly not count on backend royalties from RF sales.
It’s like rain in the desert;very welcoming but chances for this to happen are slim.Well,since other people did the same i guess you’re good to go.
I remember in,at least,one contract i’ve signed,the library asked for a “SSN or EIN” so,i think both ITIN and EIN have the same effect.
Plus many other artists got a EIN over the phone.I think you’re done with the paperwork!
Yes,it’s ok to do that.Maybe you can put the EIN prefix before the number,although i don’t
believe it’s necessary.Great,you’re good to go now!
Just out of curiosity: did you ask her if there’s a difference between EIN and ITIN?
I don’t think you have to open a company if you get a EIN.
There’s no fee involved for ITIN (apart from the phone call of course!) and i think the same applies to EIN.Check the link below:
Imo,the safer thing to do is call IRS,tell them why you need a tax number and ask what’s the difference between these 2.I’m sure they’ll guide you accordingly.
I got an ITIN number almost 4 years ago but then i didn’t know about EIN,neither the phone option.It took me 10 weeks to get the papers back and involved a TON of paperwork.
And yes,it’s better to have everything ready before you start pitching your music to libraries.
You’re welcome!
Ask ASCAP (or whichever PRO you join) if they need a 1040nr form.
Other than that,you only need a W-8BEN form (it might look intimidating at first glance but it really isn’t) and a EIN number if you want to avoid the 30% deduction (recommended!).
Good luck!
I’m not sure why ASCAP asks for a 1040nr form.
BMI didn’t ask for it.ITIN (or EIN) is optional but if you don’t get it,the US companies you’ll work with (like AS) will withhold 30% of your earnings for tax reasons…that’s what the ITIN is good for!
Greece has a 0% tax treaty with the US and maybe that’s why i wasn’t asked for a 1040nr form.
Slovenia has a 5% tax treaty with the US though so,maybe that’s why they asked you for a 1040nr form.Check the link below,it’s quite informative (and maybe it’s best to ask for an EIN number instead of ITIN – many other artists did the same recently);
Avoiding 30% Withholding Tax on Royalties For Non-US Amazon Self Publishers
It might be a bit too much paperwork but you’ll do it only once (several companies you’ll work with will ask for a W-8BEN as well so,keep a copy of the correctly completed one).
They will need the W-8BEN form and it’s best to contact IRS over the phone to get your ITIN number (the phone option will take you about 10 minutes while the mail option will take 6-8 weeks (!!!) until you get it by mail and involves a LOT of paperwork – yeah,i learned it the hard way!).
Get the ITIN number first so you can put it on your W-8BEN form then.If there’s no obvious submission link,use their contact email and send them a short message (including a few credits,short bio) with a soundcloud link.
I had several positive replies doing this.I wouldn’t like to send a downloadable link (WeTransfer etc) to someone that didn’t ask for it.
I’m from Greece but i skipped the greek PRO (AEPI) and joined BMI.
I’ve contacted AEPI before joining BMI and they didn’t sound well informed about various subjects related to publishing,song registration etc.
Plus there were a lot of stories about underpaid greek artists from AEPI.BMI was far more professional and since my main target was US,it was a no-brainer for me.
A fellow estonian artist told me this interesting thing: he was registered with the Estonian PRO but then he wanted to join BMI as well.
BMI told him he can simply be in both PROs: BMI would take care of all the royalties EXCEPT estonian ones and estonian PRO would take care ONLY the royalties coming from the estonian market.
Maybe you could do something similar.I had 2 cue sheets from MIBE recently for the show Married To Medicine and the publishing was split 50/50 to Mibe Publishing and Music Box Boulevard.
I also have another track registered to my BMI account and the publishing is split 50/50 to Music Box Boulevard and Pub Unknown.
All of the tracks are NE.
Maybe MIBE could help you identify the other publisher.
I agree,stems should be charged extra.Doesn’t matter if you need 6 hours or just 1 hour to extract them from the project.Stems are not included in the price of the track,same way like stinger/60/30/15 or alt versions aren’t included in the price of the full version.
2 years ago i did an online campaign for a client.It was a good low-mid 4 digit payment and the client asked for a simple edit (a bit more dramatic/crescendo-esque ending) and paid me an extra $650 for it.
It took me a bit over 1 hour to do it.
It doesn’t matter how long did it take to be done;it could have been 15 minutes or 4 hours
in an other occasion.
The point is the client was willing to pay extra money for EXTRA services.
Stems should be treated the same way.