If you are already with Songtrust, setting up your own publishing entity won't increase your royalties.
If you are already using Songtrust to manage your compositions, setting up your own personal publishing entity with your local Performing Rights Organization (PRO) will not change the total amount of royalties that you will be able to collect. That is because Songtrust is already acting as your publisher. However, some songwriters do create their own publishing entity for liability protection and tax purposes.
Some writers choose to create a publishing entity to separate their publishing income from their personal income. If you were ever to be sued for copyright infringement or something similar, this would protect your personal assets - like a house or car - from being seized. Additionally, your business would be taxed on your publishing revenue, not you personally.
However, in both of these scenarios, you will still need to create a formal business entity with your local government in addition to affiliating your publishing entity with your PRO. If you have any questions about how to do this, please seek legal counsel as Songtrust cannot offer any tax or legal advice.
Still interested in setting up your own publishing entity? Check out of blog post: Seven Steps to Starting Your Own Music Publishing Company.
Thanks for reading. Please rate the article below.
Want to keep up with Songtrust for frequent music and publishing updates?
Disclaimer: This article is for educational and informational purposes only and not for the purpose of providing legal advice. The content contained in this article is not legal advice or a legal opinion on any specific matter or matters.