The Record Label is MusicTeam® is a type of Collaborator which represents a legal entity or a legally recognized business organisation. They often end with Co., Inc. or Ltd. On the other hand, Labels/Imprints are the names under which a release is commercialised.
For example, you could have a Record Label under the name ABC Records Inc., but when your Record Label releases music, they use the name ABC Records (the label/imprint).
To distribute your music, you will need to create at least one label/imprint.
Adding a Label/Imprint
Labels/Imprints can be linked to:
Individuals (more specifically band members)
When band members are added as a Related Individual, they will be able to use the Label/Imprint for releases purposes.
From the Releases on the side menu:
Click on Manage Labels/Imprints
Select the Related Individuals or the Related Organisation
Click on Save to add your Label/Imprint