Depends what kind of terms you want. Pro-tip: at this stage in your career, you have no leverage. Your options are really to take what they offer, or walk.
If they're offering a distribution deal, most of the time you'll front 50% of the costs each. On the tailend, you'll each get 50% of profits.
Since I'm assuming you already have an album or EP ready to go (at least that's what I'm guessing from your post), a distro deal is probably what they'll be willing to sign. They're not a major label, so there's no point in them signingan Exclusive Recording Agreement; at the same time, you're not prominent enough that they could expect enough recoupables to warrant an ERA or 360 deal.
If you don't want up-front costs, you're pretty much SOL...Unless you don't mind getting so screwed that you mever see a dime.
Or, unless you break into the mainstream, or you generate enough hype that you have multiple labels competing for you. Those are the only two ways to get leverage. (Unless you know someone who knows someone who can play your tracks to the Executive Vice President of A&R at a major label.)
And always, always, always have a music lawyer read through your contract; or a friend who's studying music law. There are terms and points for discussion in music contracts that regular lawyers just won't understand.