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Perhaps the drop is related to the change in the distribution schedule. We received 5 payments in 2021 instead of four. It could be that this is a one-time event resulting from the change.
Generally composers are not “employees” of music libraries. They are independent contractors. There may be exceptions…
LAwriter is correct, which means that they are trying to control the activities of an independent, non-employee, which is an even more tenuous and fanciful idea. This clause is amateurish and shows a lot of insecurity on the part of the library. BTW, what would they have you do, deliver pizzas for a year while you wait for the clause to expire?
Ridiculous, and probably unenforceable. I wouldn’t agree to it, and the mere fact that they put that into their contract speaks volumes about the company.
I prefer to call it “re-purposing.” 😀
Yes, there are things one should do to make sure the creditor cannot “pierce the corporate veil”,
LLCs are a fuzzy entity. If you don’t set them up properly and run them properly it is possible to expose personal assets (speaking from the perspective of having successfully pierced the corporate veil more than once). So, yes, one should check with counsel and talk to their accountant to go about it the right way.
There are a lot of benefits of doing your business dealings inside an entity such as an LLC – including limitation of personal liability.
Don’t be fooled into thinking that operating as an LLC makes you invincible. You can still be personally liable for your misconduct, for example infringing on someone’s copyright. LLCs are state entities and the rules vary from state to state. They may shield your personal assets if the LLC goes bankrupt, but you should consult with an attorney in your state regarding what personal protection an LLC does and does not offer.
Thanks, Music1234. Good advice.
Hi Art. Thanks for sharing this. Very cool!
Along these lines, is there a consensus regarding which service is the best for digital distribution to the major streaming platforms?
By best, I mean which is most effective and has the most favorable fees and percentages?
CD Baby, Level, Distrokid, tunecore? One obvious consideration is whether using the service interferes in any manner with distribution though libraries.And then, there’s this. A major label just signed a virtual artist.
Best of luck!
When you say, “your father’s old music,” do you mean that he was the composer or that this was his record collection? If he was/is not the rights holder you may be infringing on works not in the public domain if you try to distribute or license these recordings.
Hi Musicmatters,
It really depends on the size and complexity of your estate. If you have significant assets you should consider an attorney who specializes in estate planning. The same would apply if you have complicated needs with respect to your beneficiaries.I recommend that you consult a qualified attorney in your state. I sent you PM with general answers to your questions.
Are you in the US?