Originally posted by Riddim:
How is the band organized?
What's your share of the songwriting and publishing?
How large is your piece of the pie to be if it does get big?
What will it cost you to pursue this, in terms of lost income, insurance, medical, etc? You have a family to think of now -- you're not 16 anymore. Once you make a baby, you are obligated to feed, clothe and house it. Most of us have difficulty doing that for ourselves, let alone others, without some other source of income. Can the family manage for a while on your spouse's income?
If you have not already, read Bobby Borg's book on the music business. There's another by a guy named Woolf. Likewise, there are music business related links to CD Baby and Sonic Bids that you -- and the band -- should be intimately familiar with.
If your band does not have an organizational agreement in writing, get thee to an entertainment attorney now and draw one up that won't you high and dry. If your partners don't want to hear it, bail now, because they do not have sufficient business awareness to keep themselves from getting themselves -- and you -- screwed over by the darker side of the music business.
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