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So, you’re a budding entrepreneur, or an artist who wants to release your own music? Starting a record label can be a great way to help yourself, or others, put new music out in to the world.Here’s a comprehensive list of the things you’ll need to do to get started.
The revenues and expenses of the sole proprietorship are accounted for with any other personal income or expenses you might have.
For this business structure, you will have to register a business name if you intend to run your label under a name other than your own.
It’s all good to have a cool name that you love, but if it can’t be found easily on the web, and if all the relevant social media account names are taken, you’re going to be hard-pressed to put together a powerful and consistent online presence.
At a bare minimum you should have: Try to get the same handle or username for each platform.
For example, I am @nigelpjenkins on both Twitter and Instagram.
This makes it easier for people to find you across platforms.
Only after you have conducted a name search and confirmed the availability of a business name will you be able to register that name.
As part of deciding on a business name, I would keep domain names, social media handles, and general searchability in mind.
Incorporation creates formal ownership shares, which produces a taxation and legal distance between the company and the shareholders.
This in turn has tax advantages for the owners, who are usually paid as employees of the corporation.