Friday, July 17, 2009

Starting A Record Label - How To Avoid Future Lawsuits With Your Business Name

By Paige W. Connor

Since you are reading this you must know how much hard work and dedication it takes when starting a record label. If you do it right the end result will be total success and it will have been well worth the effort.

The secrets to starting a record label are:

In order to safeguard your copyrights, you will need a registered name for your record label. Choose ten names for your record label. Of course you only need one name but that one name has to be available online for .com preferably and then any other popular dots out there as well as offline, so having a lot of names to choose from will save you some time.

A short and simple name is likely to stick in peoples heads better and creating one is a crucial step in starting a record label.

There is no rule about the genre of bands that a record label signs with so the name of your record label doesn't have to represent one style of music. After your list of names is compiled run them through a domain registry online and see which ones are available. Take the remainder of names and search them on the internet to make sure there are no sites with similar names. You want all searches for your record label to end up at your site.

To avoid later headaches through copyright trouble and lawsuits check that offline companies names are not the same or similar to yours. Use a national registrar for this. Now take the names that are left and choose your favorite. Register this name as your record label name. This only costs a little.

Money is crucial when starting a record company. You will need plenty of it. Unless you have this money, you will need to figure out how to get it. You have two options. You can get a partner and split the cost of everything or you can get a loan. Manufacturing your records will cost you hundreds of thousands of dollars.

The next thing you want to do when starting a record company is to look for bands to sign a record deal with. Find a band that you believe will be successful. A band with attractive members both male and female will be the most successful. Once you have found a band you need to make the contract as clear as possible so things stay easy and worry free.

Find a distributor for your records. Think of qualities that your record label has that a distributor would find appealing. If this is your first business endeavor do the following: go over your business plan with a successful businessman to see if you are going about everything correctly. This step is very important.

It takes more then just money to make a record label thrive. Money just gets you the name and the setup and allows you to continue starting a record label. Hard work and determination is what will decide whether you succeed or fail. Get out there and start making some money off your record label. You need to see some money coming in as soon as possible so that you know your not wasting your time.

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