| This seems like an obvious question before to start | | | | money be the criteria for starting your own record |
| which simply means that it has to be owned by the | | | | label. |
| person who either or not has any experience, talent | | | | Selecting a name for your record label can be a fun |
| and resources to own one's own record label. Even | | | | process, even it can be time consuming. It can take |
| though we avoid the initial headache of administration | | | | time because the name must reflect your personality, |
| tasks required to start your own company. The | | | | or the kind of music you will compose. One should |
| record label business includes activities like composing, | | | | avoid used names, but look out for rather creative |
| selling records either you have past experience or | | | | names like Morning Star Records, Corroded Studios, |
| just a newbie in this business area. As we know that | | | | Decade Music etc. You will not be allowed to float a |
| any thing we do, has some typical pros & cons. | | | | company with a name that has already taken by |
| Hopefully the pros of "how to start your own record | | | | another one. It is the most enjoyable process in the |
| label" will melt the severity of the cons. | | | | journey in the task : How to start your own record |
| It helps you to establish yourself & express | | | | label. |
| your identity, creativity. Also it makes you look a | | | | Choose a form of the business for your label : there |
| professional in the area, projects you like the inside | | | | are three basic forms of business for your record |
| man of the music industry. | | | | label. |
| If you as an owner decide that to make records or | | | | 1. form a corporation, which makes it a separate legal |
| sell records of other music composers, those help to | | | | entity. |
| boost your brand label of your record label. This in | | | | 2. Partnership, which means that two or more |
| turn helps you to sustain when in the market if there | | | | partners share the risks, profits. |
| is no business growth happening. | | | | 3. Sole ownership, by which all the funding, |
| As a record label is separate business entity, | | | | administration,profits, losses are all yours. |
| equipment like recorders, boosters, amplifiers, | | | | Obtain a business license for your record label : |
| computers can be hired, also have a company | | | | Usually the business license for the record label has to |
| account in the banks, thereby enabling you to accept | | | | be obtained in person. There is a small fee for |
| payments through credit cards for your records. | | | | obtaining the same, the most critical of all the license |
| When you sell your recordings, you accept the | | | | issuers will ask you from where you wish to operate |
| payments professionally instead of accepting them as | | | | your business. Make sure where you want to |
| silly billy(musician).It also proves that your income is | | | | operate & you are in control of your business. |
| through recording activities, thus allowing you to pay | | | | Obtain a Tax identification number is not necessary if |
| less taxes. | | | | you are the sole owner, or not unless you hire |
| The task of "How to start your own record label ?" | | | | employees. Record labels in partnerships require this. |
| was confronted by many musicians, artists who had | | | | This can be used when filing forms for the local |
| the only purpose of releasing their own music. Small | | | | & central governments when required. |
| beginnings can be made by only putting your own | | | | If you wish to sell your records directly to the |
| music on your own record label, later you can expand | | | | general public, you will need a retail license, a small |
| it by putting others music on your record label. | | | | fee is also required for this. Then you can file sales |
| It will be in your interest eventually as not to allow | | | | tax each month. |