Incorporating the band
Published on Mar 2nd, 2009




If any of you self-employed musicians aren’t yet listening to the awesome CD Baby podcast, you should be. There’s a great one a couple weeks ago about musicians and their taxes.
- RONI: My cousin says if we incorporate the band, we’ll save money on taxes we pay on band revenue.; DAN: Whoa, cool!
- RONI: Now, we could be something called a Limited Liability Corporation, or we could be something called an S-corporation.; DAN: Ooo…
- RONI: An LLC would provide us with more legal protection while an S-Corporation-; DAN: -sounds, like, 20 times more badass! Let’s do that one!
- RONI: Well, Dan, let’s not just-; DAN: Baaand, In-corr-poraaaa-aaated! B! A! N! D!; CHRISTINA: We have revenue?; JOHN: (shrugs)
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