Lindsey's guitar pic?

[CADreaming]

Originally Posted by snicksfan85

I think it kind of depends on how their management situation is set up and what stage of their careers they are at, but yea, I would say it's standard to have some sort of incorporation. I personally would suggest to keep the different aspects separate for an artist with as many revenue streams as Lindsey has. Anytime you can take steps to put a buffer between the different things you make money from it's a good idea to do it in this business.

Like I said, that entity signs agreements and contracts and is the responsible party rather than Lindsey himself, shielding him from bad debts (outside of what he has invested in the company) and lawsuits.

Example: His contract says he's to do a minimum of 90 minutes for each show. He freaks because there's not exactly 500 brown M&Ms backstage and goes out and does a profanity laced 45 minute set. The promoter sues for breach of contract. LBTI would be liable, not Lindsey.

Love that example!

Thanks for breaking it all down. It's cool to know how everything works behind the scenes.