Whats involved in opening a record company?
Many artists open their own company to sell their own music. This, is usually, a bad idea as it cuts you out of the market for other record companies who just want a new artist and not the business baggage. On the other hand it does give you valuable tax benefits and more control over your productions. Artists are better off opening a “Production Company” as it is cheaper, does not have the stigma with bigger operators and still gives you the benefits. Stuff your sock with lots of dough if you want a full record company because you will need a good entertainment lawyer, maybe even a business lawyer, an accountant, record producer, graphic artist, marketer not to mention musicians to record which involves studio time, gig booking and access to a good pressing plant and the money to pay for the thousands of units you will have to send to the stores and radio stations who traditionally aren’t interested in independently recorded music. Not to mention the hundreds of other guys who have re
