The Big Grand Record Label
(part 1)
The Big Grand Record Label Well now, you say you want to start your own record label, but don't know what to do, is that it? you don't want to start a label cuz it costs too much money, or there's too many rules, or laws to know, I'm too poor, too stupid, too punk.... Shut the Fuck up! Starting and running a record label isn't as hard or as expensive as it sounds...in fact if you run it out of your house, you too can tell your friends you have a label for as little as $100 a year....
So, how do you start a record label... First go to your city hall, and ask them for all the information on starting a home business (these laws vary from city to city, so what's legal in my town may not be legal in yours. usually these are small pamphlets that are explained in almost plain English and make things easy...I'll go over a few things you need...
- A Business License this is a thing that says I am intending to do business in the city of...county of...state of.....
- A Business Tax Receipt this thing is a slip of paper that says you have paid your taxes for the year...normally for the kind of revenue you'll be receiving from your record label (none) the tax you have to pay is small
- A Ficticious Business Statement this thing you have to register with your county clerk, and says Jo Bob Smith is Doing Business As J.B. Records and Shit...and you pay a small fee (around $15).. Watch Out! you also have to run this in the newspaper for a few weeks, and you have to pay for it (they didn't tell me that,) an extra $70 or so...the Ficticious Business Statement (Also called a DBA) has to be run in your county, not your city, so shop around the newspapers in the county for the best rate.
A Reseller's Permit also called a resale #, or Federal Tax ID #I really am not sure if you NEED this, but it's a good idea to have. If you plan to sell your records retail,not just wholesale, you DO need it, because you have to pay sales tax on the stuff you sell(assuming there's sales tax in your state) You get this from the State Board of Equalization...(that's what it's called in California).
- A Business Checking account true you don't NEED this, but it will make it a LOT easier on your customers and you so they don't have to write checks to Jo Bob Smith for the records they buy off of you, and you don't always have to pay straight from your own pocket for stuff you have to pay for, besides it looks cool to see the name of your record label imprinted on a check. Again this can be expensive, so Watch Out! and look around for the best deal.
That should do it for starting a label..I'm tired right now so I'm gonna cover what you'll do with that record label next time....until then....Toodles! =:-!
(part 1)
So, how do you start a record label... First go to your city hall, and ask them for all the information on starting a home business (these laws vary from city to city, so what's legal in my town may not be legal in yours. usually these are small pamphlets that are explained in almost plain English and make things easy...I'll go over a few things you need...
- A Business License this is a thing that says I am intending to do business in the city of...county of...state of.....
- A Business Tax Receipt this thing is a slip of paper that says you have paid your taxes for the year...normally for the kind of revenue you'll be receiving from your record label (none) the tax you have to pay is small
- A Ficticious Business Statement this thing you have to register with your county clerk, and says Jo Bob Smith is Doing Business As J.B. Records and Shit...and you pay a small fee (around $15).. Watch Out! you also have to run this in the newspaper for a few weeks, and you have to pay for it (they didn't tell me that,) an extra $70 or so...the Ficticious Business Statement (Also called a DBA) has to be run in your county, not your city, so shop around the newspapers in the county for the best rate.
A Reseller's Permit also called a resale #, or Federal Tax ID #I really am not sure if you NEED this, but it's a good idea to have. If you plan to sell your records retail,not just wholesale, you DO need it, because you have to pay sales tax on the stuff you sell(assuming there's sales tax in your state) You get this from the State Board of Equalization...(that's what it's called in California).
- A Business Checking account true you don't NEED this, but it will make it a LOT easier on your customers and you so they don't have to write checks to Jo Bob Smith for the records they buy off of you, and you don't always have to pay straight from your own pocket for stuff you have to pay for, besides it looks cool to see the name of your record label imprinted on a check. Again this can be expensive, so Watch Out! and look around for the best deal.
That should do it for starting a label..I'm tired right now so I'm gonna cover what you'll do with that record label next time....until then....Toodles! =:-!
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