Lloyd is signed to Zone 4 and Interscope Records.
If the 11 year old has the talent then any record label will be happy to have them signed up.
The record label Fueled By Ramen to which he signed up for
He's signed under three labels, one is his own record label called Hypnotize Minds(which is distrubuted through Columbia records) & he's also signed to Wiz Khalifa's record label called Taylor Gang records(which is distrubuted through Rostrum records)...................TO SUM IT ALL UP HE'S SIGNED UP THESE THREE LABELS....... Taylor Gang Records(Wiz Khalifa's record label) Hypnotize Minds Records(His own label) Columbia Records
the band was tired from constant touring and they were having issues with the record label they were signed to.
Unfortunately, many artists sign with record labels and wind up OWING the labels money. That's why many artists start their own label.
You have to make your way up the ladder, get noticed, make good music that they are interested in, and then you will get signed if they are agreeing.
Wind-up Records
I am assuming you mean taxes... if so you pay taxes as an individual once the record company has paid you. If you have set up an entity to receive the payments then it's a little more involved...
Wind-Up records
Cher Lloyd is currently signed to SyCo (Simon Cowell) and Epic (LA Reid).
Money and Contracts.
The first label to sign up the young Elvis Presley was Sun Records in Memphis . Then he was picked up by RCA Records in Nashville in 1956.