ASK & DISCUSS INDEX

2 years, 8 months ago - Tim Benjamin

I would say there is no need to do that, unless you are expecting to make real money from it. There are really two reasons to incorporate - 1) to limit liability to the company rather than the individuals and 2) to benefit in various ways from tax treatment. For your music, I would advise being registered with a PRO (such as the PRS here in the UK), making sure your work is registered, then release the soundtrack via the distributor of your choice (e.g. Distrokid) to the variety of DSPs that are out there. And then sit back and enjoy collecting the various $0.000001 amounts that you'll earn! :-)
If however you can get radio play for the soundtrack, your PRO should collect, or if you sync it to an ad via an agency, publisher, or label, you will earn something more meaningful. You can collect as an individual and add it to our annual tax return (again, this is UK specific).
You might want to make a deal between the production company and yourself as composer, e.g. for royalties, or for a buyout by the production company, etc etc depending what your commercial strategy is.
Bear in mind that incorporating costs money, both to register and in accountancy fees going forward, so it's only worth it if the revenue or tax benefit in question is greatly more than the fees.
I am not a lawyer or accountant, and this isn't professional advice (but I am a composer and director who has made some half decent money from both activities, so I'm just saying what I might do in your situation, although I know nothing more than what you've posted above!).