It’s a cold but beautiful morning here on the east coast; Washington D.C 7:24 am. I find myself not being able to sleep at night thinking about what I’m doing and going to do with this record label. Yesterday evening I spent several hours identifying all of the documentation needed to ensure my label is fully vetted as a business in Washington D.C. As much as I dream and strive for a successful label it is an absolute necessity to ensure I’ve covered all my basis in the legal department. I can’t stress that enough. I recommend getting an entertainment/intellectual properties lawyer to help you run through the legal documentation of establishing your label on an official level. (I have a friend of mine, thanks Joe, who is assisting with identifying a lawyer in the D.C. area.) Neither of those are cheap but taking the time to spend that money will save you from losing so much more in the future because you were to lazy and unprepared to kick off your label without double-checking all your requirements.
Check out the Small Business Administration (SBA) in your local area. They have business workshops that typically have a lawyer who comes to speak. When I attend one last year I was given a 30 minute credit with an attorney. 30 minutes is not a long time but still is 30 minutes you don’t have to pay for. The fee in D.C. was $50 and it was absolutely worth it.
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