33 Record Label Llc Or Corporation
Regardless of the state the application can usually be completed in a few hours if you. There are a million things i could tell you about starting a record company and you should do a lot more reading than just this one piece if youre serious about it but here are four things youre going to need and a few things youll need to know when it comes to starting a record label.
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I would say llc or s corp.
Record label llc or corporation. Incorporating a record label is fairly simple if you family members or close associates will own all of the stock. State level listings are usually available online. Limited liability companies and similar entities registered with state and local government offices such as your secretary of states office.
1 if you choose to form your record label as a sole proprietorship then in essence the business is you you alone own and run the company and its pretty easy to form. All you have to do is fill out a doing business as dba form at your local county courthouse and create a. Starting your own record label can be a real advantage for indie bands who are either tired of seeing demo tapes rejected or just dont want to deal with the impersonal qualities of a large record company.
C or s corporation if you do form an record label llc or incorporate about 49 plus state fees for most states your record label business instead of just filing a fictitious business name dba it will help you avoid legal and financial personal liability arising out of business transactions and you will not have to register the houston. Our guide on starting a record label covers all the essential information to help you decide if this business is a good match for you. Exactly how you incorporate will depend on what state youre in since each state requires different paperwork.
For the most part these companies are located in new york los angeles or nashville. If you plan on making this a career. A limited liability company llc.
Llc 70 filing fee 20 statement of information fee 800 per year franchise fee all paid to the state. This option should be chosen if you intend to run the company long term and want. How to start a record label.
These corporations usually consist of a parent company that owns more than one record label. This record label will mainly be a one man operation. Read about the many legal issues involved in starting a record label.
Remember that nowadays many record companies are huge corporations that own a variety of record labels. Business steps to starting your record label. However its very unapplealing that with this option there will be unlimited liablity and my personal assets could come into play.
This would probably be the first option but temporary for you to run your company. Its not as complicated as it might seem although can get expensive to form your own company and it does have its advantages. As a result most resources reccommend sole propriertorship.
A record company usually owns or obtains. Learn about the day to day activities of a record label owner the typical target market growth potential startup costs legal considerations and more.
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