In this latest post from MusicThinkTank, Daniel Matthews details a nightmarish account of how a band on the road can end up incurring massive crippling debt.
"I figured out that we could set the band up as a Limited Liability Corporation (LLC). That way, we could write our touring expenses off on our taxes. This was actually a good idea — if only I had followed through with it. The plan was to have our tour manager keep receipts and handle the secretarial duties. You’ll find out soon enough why that didn’t work out. So, I went through the necessary legwork, and we set off in my ‘87 Dodge Prospector, hunting for tour gold."