You've never recorded before? You have a long way to go before you start putting out music, let alone start a label. Take it slow, put out some mixtapes, develop your craft.
I can't tell you in all honesty about cost as it may be quite a bit different in cost for you than it is here in the UK.
I would agree with others you're getting ahead of yourself however it's fine to ask and get knowledge early on as it might help you out. I think for now you should be focused on the music itself, unless you know how to run a business, manage finances and paying tax and shit and be in charge of employees then don't consider setting a label up yet. Get more knowledge on different aspects of running a business then think if you want to set one up or not.
Prosperous N9ne said:
it should be around $5'000 to 15'000 to start a LLC Record Label Correct? i'm trying to plan but this might be too far ahead, any thoughts?