AIM (Association of Independent Music) have created a useful PDF with tips on how to open your own record label. As you've heard in the media, many signed artists are unhappy with their current labels, due to the lack of control and unfair percentage cuts, and are now opting out to start their own. You can find AIM on myspace. They're one of my top friends in www.myspace.com/polkadotrecords.
To read the rest of the article from AIM check out...
http://www.musicindie.org/clientdocuments/information/AIMStartALabel.pdf
