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Education
1. Do I NEED a PRO (Performance Rights Organization)
Registering with a Performing Rights Organization (PRO) like BMI or ASCAP is essential for indie artists who want to earn royalties from their music. PROs collect performance royalties when songs are played on the radio, streamed, performed live, or used in media. BMI (Broadcast Music, Inc.) is a great choice for indie artists because it offers free registration, unlike ASCAP (American Society of Composers, Authors, and Publishers), which charges a one-time fee. BMI is also known for its strong support of indie musicians through networking events and workshops. However, ASCAP is member-run and has a reputation for quicker royalty payouts. While both organizations do essentially the same job, the choice depends on an artist’s preference—whether they prioritize free membership (BMI) or a more structured payout system (ASCAP). Regardless of the choice, registering with a PRO ensures artists get paid for their work instead of missing out on revenue.
2. Should I run my band like a business?
Running a band like a business is crucial for long-term success and financial stability. Just like any company, a band should have a clear agreement between members outlining roles, responsibilities, and profit-sharing to avoid conflicts down the road. Appointing a treasurer to manage finances ensures that income from gigs, merch, and streaming is properly tracked, expenses like travel, equipment, and recording costs are covered, and profits are fairly distributed. Without proper financial management, bands risk disorganization, missed payments, and internal disputes. Treating your band professionally not only protects relationships but also sets you up for growth and sustainability in the music industry. However, TruthTone Records is not providing legal or financial advice—anyone considering an legal or financial advice should consult a qualified legal and financial professional to determine what structure is best for their situation.
3. Do I need an LLC
Forming an LLC (Limited Liability Company) is a smart move for any band or independent artist looking to protect themselves legally and financially. An LLC helps separate personal assets from business liabilities, meaning if you're rocking out on stage, attempt an epic guitar spin, and accidentally knock out a fan’s front teeth, your personal finances are shielded from lawsuits—only the business can be held liable. From a tax perspective, an LLC also allows you to classify band members as subcontractors rather than employees, reducing payroll taxes and simplifying financial management. Plus, you can deduct business expenses like equipment, travel, and studio time. However, TruthTone Records is not providing legal or financial advice—anyone considering an LLC should consult a qualified legal and financial professional to determine what structure is best for their situation.
Do you think you have what it takes to become a TruthTone Artist? Use the contact form to reach out and send us a message. Please include links to your social media / website and streaming links to your music. We do not accept physical submissions or attachment files.