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In this tutorial, the speaker discusses key steps to starting an independent record label. First, setting up a formal company structure, like an LLC or INC, is crucial for protection of personal assets and professionalism when dealing with distributors and major labels. This setup typically costs a few hundred dollars. Additionally, securing contracts with artists is essential to ensure a stable foundation for the label. The speaker emphasizes the importance of these initial steps for anyone looking to enter the music industry successfully.
