How much does it cost to start a record label?
Starting a small scale but standard record label company that can only carry out basic recording services/studio works in the United States of America will cost about twenty thousand dollars to fifty thousand dollars ($20,000 to $50,000).
How do I start my own record label?
Here are some practical tips on how to start your own label.
- Choose Your Business Structure and Label Name.
- Find Your Music.
- Indie Label Contracts: Framework and Artist Deals.
- Figuring Out Distribution.
- Figuring Out Promotion.
- Prepare Your First Release.
- First Release Redux: Ride the Learning Curve.
- Additional Tips.
What percentage do record labels take?
Record labels pay two royalties: one to artists, and another to composers & publishers. Artists can receive 10% – 15% of suggested album retail minus packaging costs. Composers and publishers receive 30% or more.
Should a record label be an LLC?
Clearly, a Corporation is a better choice to consider in starting a record label. Similar to a Corporation, an LLC will provide you and the members with limited liability and protection of personal assets while for ownership and tax purposes allowing the LLC to be treated as a Partnership.