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<\/p>\n\n\n\n\n\t\t\t\n\t\t\t\t19.1 Career overview of Don Davis<\/figcaption><\/figure>\n<\/div>\n<\/div>\n\n\n\n\n
Flashcards<\/h3>\n\n\n\n Click on the word to get the definition<\/p>\n\n\n\n
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sole proprietorship <\/p>\n<\/p><\/div>\n
an easily-established business entity without liability protection that is subject to pass-through taxation.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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partnership <\/p>\n<\/p><\/div>\n
a business entity that is similar to a sole proprietorship, with the primary difference being that liability is shared between multiple partners equally.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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Limited Liability Company (LLC) <\/p>\n<\/p><\/div>\n
a flexible business entity that alleviates many liability concerns for the owner(s). An LLC is established via an articles of organization and directed by an operating agreement. It may be taxed as a corporation or via pass-through taxation.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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corporation <\/p>\n<\/p><\/div>\n
a type of business that is owned by shareholders and operates as an individual legal entity, apart from its owners.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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S corporation <\/p>\n<\/p><\/div>\n
a relatively small type of corporation that has fewer than 100 shareholders and is subject to pass-through taxation.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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C corporation <\/p>\n<\/p><\/div>\n
a relatively large type of corporation that has more than 100 shareholders and is subject to taxation as an individual legal entity.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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liability <\/p>\n<\/p><\/div>\n
a term that refers to the responsibility of individuals or businesses for any unpaid debt or legal actions taken against them.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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pass-through <\/p>\n<\/p><\/div>\n
a type of taxation applicable to certain business entities that \u201cpasses through\u201d to the business owner such that the business\u2019 taxes are filed via the owner\u2019s individual tax return.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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limited partners <\/p>\n<\/p><\/div>\n
members of a business partnership who, in exchange for agreeing to restricted control over the business, are released from legal liability. <\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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articles of organization <\/p>\n<\/p><\/div>\n
a document that legally establishes a limited liability company in the United States.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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Form SR (Sound Recordings) <\/p>\n<\/p><\/div>\n
a form used to register a particular recording of a composition with the U.S. copyright office for the purposes of infringement. protection. This form may be used to protect both a recording and a composition in instances where the composer also serves as the recording artist.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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Form PA (Performing Arts) <\/p>\n<\/p><\/div>\n
a form used to register a composition, including any lyrics, with the U.S. copyright office for the purposes of infringement protection.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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buy-out <\/p>\n<\/p><\/div>\n
a contract situation in which a client purchases the right to use a composition without owing any further compensation or royalties to the composer, regardless of the extent of usage.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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royalties <\/p>\n<\/p><\/div>\n
the umbrella term used to describe usage-based payments for music compositions, performances, and recordings. <\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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mechanical royalties <\/p>\n<\/p><\/div>\n
royalties that are paid to musicians when pieces of music are reproduced, distributed, and sold in a variety of recording formats.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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mechanical license <\/p>\n<\/p><\/div>\n
a license that grants permission to reproduce and distribute copyrighted music on a variety of media. <\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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performing rights royalties <\/p>\n<\/p><\/div>\n
royalties that musicians are paid for a live or recorded performance of a composition, either in concert or in conjunction with another media format.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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synchronization royalty <\/p>\n<\/p><\/div>\n
a specific type of performing rights royalty that applies to situations in which a composition is synchronized to some form of media, as is the case with background music for a television show, movie, or commercial. <\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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background music<\/p>\n<\/p><\/div>\n
supportive accompanimental music that is synced to media containing dialogue and, potentially, sound effects.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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sync fee <\/p>\n<\/p><\/div>\n
a payment made to a composer\u2014sometimes in addition to synchronization royalties\u2014in exchange for the limited use of a composition that is synchronized to some form of media. <\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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Performing Rights Organization (PROs) <\/p>\n<\/p><\/div>\n
an organization that serves to protect musicians\u2019 interests by monitoring the usage of members\u2019 compositions, collecting performing rights fees and royalties from music venues and other users, and distributing these earnings to musicians and their publishers.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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blanket license <\/p>\n<\/p><\/div>\n
a license that a music venue or other user purchases from a PRO that allows it to transmit that specific PRO\u2019s entire catalogue of works.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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50\/50 split <\/p>\n<\/p><\/div>\n
a common type of contract agreement used in the music industry that equally divides royalties between the composer and publisher.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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sub-publishing agreement <\/p>\n<\/p><\/div>\n
a type of agreement in the music industry in which one publisher allows another publisher to represent its body of work, typically in exchange for a portion of the publisher\u2019s royalty share.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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commercial release<\/p>\n<\/p><\/div>\n
a selection of music that is released for commercial consumption as a single, EP, or LP. Commercial releases are often printed to vinyl or compact disc, and are typically released on popular streaming platforms as well.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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DSP<\/p>\n<\/p><\/div>\n
shorthand for Digital Signal Processor, a plugin that requires the use of a separate outboard interface for processing. Also shorthand for Digital Service Provider, which, in the field of music, is an online store or streaming platform that provides digital audio to consumers. Smaller DSPs in this context often create partnerships with the largest streaming services to market burgeoning producers\u2019 music to a wider audience for a fee.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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streaming bots<\/p>\n<\/p><\/div>\n
artificial profiles within streaming services that generate plays for artists to boost their perceived market share.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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operating agreement<\/p>\n<\/p><\/div>\n
a legal document that identifies the governing members of a business entity (such as an LLC) and describes their financial and managerial responsibilities.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n \n
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cue sheet<\/p>\n<\/p><\/div>\n
a list of the music included in a televised broadcast that is used by a PRO for usage tracking, royalty calculation, and royalty distribution purposes. A cue sheet includes the program title, episode title, episode length, and specific details about each composition used, including its usage type (background music, theme music, etc.) and usage duration.<\/p>\n<\/div>\n <\/div>\n <\/button>\n <\/div>\n\n \n
Press Enter or Space to flip the card<\/div>
![\"Career](\"https:\/\/cdn-staging.routledgelearning.com\/wp-content\/uploads\/assets\/sites\/37\/Fig19.1.jpg\")