All responses to the questions below will be greatly appreciated. Please respond to each ? sepeartley in an organized manner. Links are appreciated but in addition, please try to explain it yourself briefly. Thanks.
1.) I will be registering w/ BMI as a Publisher to collect the “Publisher’s Share” of performance rights royalties (radio spins, tv, performances). I am registering as “Individual Owned” (Business Structure). After completing the application and paying the fee what else is required? Legally must I also register w/ my state and local governments as well? Or is the BMI Affilated company sufficent?
2.)Does BMI remove taxes from royalties payed to publishers and writers?
3.) In the following situation would the writers receive the remainder of the Publishing income, when registering a work w/ BMI, although they do not have Publishin companies established?
-Writer #1 = 50%
-Writer #2 = 50%
Writer’s Share Total = 100%
-Publisher (Third Party) = 50%
-Writer’s Do Not Have Pub Companies…
4.)To receive other Publishing income, not collected by BMI, such as Mechanicals, Print and Synch Royalties, must I legally set up a publishing company via my state and local governments?