Jan 7, 20212 min read

How To Start A Publishing Company with Your $600 Stimulus Check

Learning how to start a publishing company with your $600 Stimulus Check is a breeze! If you thought starting a record label was easy a publishing company is just as easy there is more setup work but starting a publishing company allows you to get out of the gate faster. Watch and learn how you can start a publishing company with your $600 stimulus check now on the Music Money Makeover Show!

Start an LLC

On average an LLC costs $130 to start in the united states.

Grab a suite address

On average a suite address costs $10-13 a month to start in the united states. You'll need one of these to keep your business address private. Eventually, you will want to pay for a registered agent to keep your name off the books but this is a great place to start.

Get an ASCAP Account

Normally as a publisher, I'd say BMI but since we only have $600 bucks grab the ASCAP account to get started, it's $50 bucks, and get the BMI account later. Yes, publishing companies can have two accounts

Register your publishing company

Harry Fox/MLC - Collect your mechanicals here. The MLC portal is still being worked on so until it's finished go through HFA.markets and for Micro sync and TV and Film synchronization.
Music Reports - Collect More Mechanicals here.
Lyric Find - Collect all your money from synced lyrics here.

Don't forget the contract!

A collection agreement will cost you around $400 bucks from a young new attorney which is the rest of your money but you're gonna need a good one. The good thing is you don't need money to advance people in a collection deal.

GET TO WORK!!

Start phone and email hustling those songs!

Sign your first Writer

Exploit your six rights to copy

Reproduce
Public Performance
Derivatives
Public DIsplay
Distribute
Digital Performace

Flip those copyrights

The key thing is to flip those copyrights to make money based on those 6 rights to copy, but Be careful make sure your client knows that you are doing this because as a collection agent that isn't your actual job.