Ipecac Recordings was recently profiles by Indie Pit. The blog looked at the structure of the label:

That's because the label doesn't exactly have one - at least, not in the traditional sense. Ipecac doesn't actually own any of its releases. At any given moment, Ipecac licenses multiple releases. But those items are only "borrowed," for a few years - at which point bands can bail and take the material elsewhere. And it's hard to be miserable when a label is giving you ownership of your masters, unlimited creative control … oh, and by the way, Ipecac also splits royalties right down the middle with its artists.

Check out the story here.