Business Structure of a Record Label
The record label business plan should include the following sections:
- Executive Summary
- Company Analysis
- Industry Analysis
- Customer Analysis
- Competitive Analysis
- Marketing Plan
- Operations Plan
- Management Team
- Financial Plan
- Legal Structure
Record Label Hierarchy
To efficiently manage employees and operations, record labels have a hierarchical structure. There is typically a CEO or owner at the top, followed by a president, vice presidents, directors, management, and staff – similar to other businesses.
Key Steps to Build a Label
- Develop A Business Plan: Identify your genre, talent, facilities, and costs.
- Choose A Legal Structure: LLC, corporation, partnership, or sole proprietorship.
- Obtain Necessary Licenses And Permits
- Pick A Name And Check For Trademark Conflicts
- Address Copyright Issues
- Get Adequate Insurance
- Highlight Management Team’s Industry Experience
Don’t expect profits immediately. Building a label takes time, but can become very profitable long-term.