What is the Tax Table for Businesses in the U.S. in 2025?
The 2025 tax season brings significant updates to U.S. business tax rates. In this guide, we review the new IRS tax table, notable changes, and best practices to optimize your tax payments.
Split sheets are documents used in the music industry to define and agree on the ownership shares of a song among its co-authors. These agreements are crucial to prevent disputes and ensure that everyone involved receives their fair share of the royalties generated by the song.
In this article, we’ll explore what split sheets are, their importance, and how they can protect your financial and creative interests in music.
A split sheet is a document that details the division of ownership and royalties of a song among its co-authors. This document specifies the percentage of the song that belongs to each collaborator based on their contribution to the lyrics, music, and other creative aspects.
One of the main reasons to use split sheets is to prevent disputes over song ownership. Without a clear agreement, conflicts can arise among collaborators about who deserves what percentage of the royalties. A signed split sheet provides a clear and legal basis for income distribution.
Split sheets promote clarity and transparency in musical collaborations. By documenting each participant’s contributions and agreeing on ownership percentages from the beginning, everyone involved has a clear understanding of their rights and expectations.
In case of legal disputes, split sheets act as documentary evidence of the agreement among co-authors. Having a signed and detailed document can be crucial in legal proceedings to resolve conflicts over ownership and royalties.
Copyright organizations such as ASCAP, BMI, and SESAC require accurate information on song ownership to distribute royalties correctly. Split sheets provide the necessary information to register the song and ensure that royalties are paid to the rightful owners.
Before starting to work on a song, it is essential to discuss and agree on how royalties will be divided. This initial agreement should be based on the anticipated contributions of each collaborator.
During the creation process, document the specific contributions of each collaborator. This includes details about who wrote the lyrics, composed the music, produced the track, etc.
Based on the documented contributions, assign an ownership percentage to each collaborator. Ensure that these percentages add up to 100% of the song.
Fill out the split sheet with the names, contributions, and ownership percentages of all collaborators. Include contact information for each and any other relevant information.
Ensure that all collaborators sign the split sheet. Keep copies of the document for each collaborator and for your own records.
Split sheets are an essential tool for protecting your royalties and ensuring fair and transparent collaboration in music. By clearly documenting contributions and agreeing on ownership percentages, you can prevent disputes and ensure that all collaborators receive their fair share of the income.