Vetri (Engineer) 17 September 2011

Setting up a music studio

Hi This is Vetri from Chennai.

I have plans to start up a Music studio and undertake Media works. Kindly enlighten me on the Legal formalities associated with this kind of start up?

Assumptions:

1. I may partner with a person in setting up the business.

2. I may want to employ technicians.

Thanks in Advance.

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4 Replies

Puneet Bachchan (LAW STUDENT) 21 September 2011

HI,

First of all Congrats for setting up your own business.

I myself owns a studio in Mumbai.

Now, as a Studio comes in the Service Industry, you will have to pay Service Tax.

You will need to a Gomastha License for your studio.

You will need to take a Fire Insurance.

You will have to buy original Studio Softwares.

these are some of the measures you should take before setting up a studio.

Thanx & Regards

Puneet Bachchan

Vetri (Engineer) 22 September 2011

Hello Puneeth,

Thank you so much for your insights on this subject. I am running a search on them.

I Couldnt find much details about the "Gomastha License". Could you please elaborate, why I would need that?

Does registering the name of the studio come under this one?

and I Wish you all the success in your studio business buddy!

Regards,

Vetri

Puneet Bachchan (LAW STUDENT) 22 September 2011

Hi, Gomastha License is an essential factor for running any business. it doesnt matter if u have a studio or a provisional store. Gomastha is mandatory. U can apply for it from local Mahanagarpalika. Will cost u around 3500 for it. u will have to renew it every year. it is kind of a license to carry out ur own business. hope the info is helpful.. take care thanx & regards Puneet Bachchan