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Should you register a band as a ltd co?
TOPIC: Should you register a band as a ltd co?
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Re:Should you register a band as a ltd co? 19 Years, 2 Months ago
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Difficult one.
The way I have allways done it, is to operate as a sole trader, as I found it easier to contemplate the reality of taking gigs up to a year in advance, when personnel in the band(s), tend to change.
I also have found it cheaper, in the long run to hire vehicles for stints away. I hated it , when I bought a bus, and it was stuck on my driveway for six monthes, I didnt see it as an asset, just a hindrance.
When the band went into the VAT bracket, it convinced me that I had made the right decision, as I did not simply have time to self manage the band, and do all the paperwork and of course, I then avoided the annoyance of chiucking the paperwork into the band forum, which would not have been conduscive to creativity.
All that said, I bet U2 and Oasis are limited companies.
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