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Output from W/O 1 & 2 (M-Audio 1010LT) produces hum on A

:( This is my first post and reading all the posts here suggest that there are may pros contributing their excellence.

I have just embarked on a digital recording project and obtained a M-Audio 1010LT PCI card. I will be using this (and Ableton Live) on an HP Win XP SP2 machine with plenty of memory and a large drive. I actually have 2 questions:

should a producer/songwriter sign the artist?

The story is simple( taking place in Milano, Italy): I wrote a song, found a singer, and now I am finishing the production (electro-pop, all played by me). Now the question is what to do next. let me just note that I have a good feeling about this one. It might work... So, should I make the singer sign something? and should I look for a publisher, or go directly to a record company?