Keep it simple. For taxes just keep all your receipts and give them to an account at the end of the year. For contracts just get a template from a music business book or Website to start.Your biggest obstacle to not being successful will be worrying about all the details and not getting down to the business of finding great bands, making and distributing marketable records.You can always go back and refine your contracts and bookeeping once you start. Read the book Ready Fire, Aim .
YES go get about a MILLION Dollars FROM investors GET a lawyer that knows the RIAA regulations and Pray for a LOT of LUCK in finding recording artist that will want to use YOUR studio !18 yrs as a disc jockey !