May 24, 2017

Top 7 Money Tips for Bands Touring Abroad

"Whether you like it or not, when you’re touring, selling merch, and making gig money, your band is a business—a limited liability corporation (LLC), if you choose to register that way. As such, it pays to think about how you’re going to manage the business, particularly if you’re touring abroad. Granted, a manager can do this for you—but you have to pay her, don’t you? Why not handle this stuff yourself? 
Foreign tours are a high-stakes game. You stand to make money, but you can also lose your butt on an expensive tour. You’re probably going to want to do at least some tourism, see the sites, taste the local food, enjoy the local, uh, substances (no judgments here). At the end of it all, you’re lucky if you can break even. "

Check out this article recently posted on Music Think Tank, with great tips to ensure you return home with more money than when you started!