"Make sure you have a band agreement in place among the band members before you start playing and recording
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"It's a good idea to look at buying commercial insurance for the whole band while touring
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"If you are about to tour you may need to get liability insurance for your band as more and more venues are requiring this to protect the venue. Make sure you ask the venue you are playing if you need liability insurance to play their venue.
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"To protect your band make sure you have a written contract between you and the venue that booked you about all the particulars of the show including date, guarantees, do you need liability insurance on your band, and any other particulars you negotiate.
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"The going royalty rate for recording and selling a cover song is 9 cents for every pressed CD.
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"Any band or solo artist that is performing music to make money is involved in the music business. An artist must behave like a business in order to increase the chances of surviving and succeeding. Hence, the artist must decide what form of business to operate under. Basically, the three choices are: (1) sole proprietorship, (2) partnership, or (3) corporation. www.benmclane.com"
"Whenever two people sit down to write a song together, they create a "joint work" and both of the writers own the song. Therefore, it is advisable that the writers enter into a collaboration agreement which sets forth how the profits should be split if it is intended that the split be anything which deviates from a 50/50 ratio. www.benmclane.com"
"The professional name that an artist performs under is a valuable commodity to both the artist and to any record company that releases the artist. Both the artist and the record company should be concerned that the name is protected, and that the rights in the name are reserved and understood. www.benmclane.com"
