A lot of my clients are entrepreneurs and look to start their own labels to help some of the great talent in Austin get their careers to the next level. Here are two things that I recommend every label do before starting. First, you need to get contracts for your artists so that it is made extremely clear what both of your obligations are and to protect your investment in the artist. I have seen many many labels lose top talent to a bigger and more established label just as the artist they've groomed and invested in for years starts to take off. Without a written agreement, the artist is free to bolt and you will have nothing to show for all of your hard work. The second thing you are going to need is to pin down your trademark in your label name. This name is (hopefully) going to be known by artists all over your local area, and if you forced to change that name down the road because you did not do your due diligence in choosing and protecting your trademark, then you will have to start from square one and build up all of your good will all over again. Now this is not supposed to be an exhaustive list but you need to make sure you have at least these two things settled before opening your doors.