Lindsey's guitar pic?

[CADreaming]

Originally Posted by elle

can't you incorporate a business which would be contracting out? like you can hire a contractor to renovate your house and he might actually do nothing but oversee and get permits, contract out a plumber, an electrician, and architect, carpenter, etc, and get that all together and running.

i've heard somebody saying long time ago that if you run any kind of business, even if it's just you doing all the work, you'd want to consider incorporating, one of the reasons being that if it goes bankrupt then it's the business that goes bankrupt, and not you personally. obviously i'm very naive and just curious about all this...

Oh, I see what you're saying, like Kristen Buckingham is an LLC company. Yeah, I guess it might all fall under that umbrella then, a LB incorporated... I have seen that for artists before, but never as a "touring company". Hmmm. Something to research. I wonder if that is the standard practice.

[elle]

Originally Posted by CADreaming

Oh, I see what you're saying, like Kristen Buckingham is an LLC company. Yeah, I guess it might all fall under that umbrella then, a LB incorporated... I have seen that for artists before, but never as a "touring company". Hmmm. Something to research. I wonder if that is the standard practice.

maybe because most artists have bands that are both recording and touring, while LB now has established touring band but records mostly on his own?

[CADreaming]

Originally Posted by elle

maybe because most artists have bands that are both recording and touring, while LB now has established touring band but records mostly on his own?

I don't Elle. It could still just be an inside joke. I wouldn't put it past him.

[elle]

Originally Posted by CADreaming

I don't Elle. It could still just be an inside joke. I wouldn't put it past him.

yeah, who knows...

[michelej1]

Fleetwood Mac has had several corporations over the years. In 1997 they had both a merchandising corporation and a touring corporation. Then they formed a new touring corporation in 2001 and that one is the one that is still active today.

Lindsey is in at least two corporations that I know of, one is with Stevie called Then Sounds (or something like that) and one is his own called Now Sounds (well words along those lines).

Michele

[CADreaming]

Originally Posted by michelej1

Fleetwood Mac has had several corporations over the years. In 1997 they had both a merchandising corporation and a touring corporation. Then they formed a new touring corporation in 2001 and that one is the one that is still active today.

Lindsey is in at least two corporations that I know of, one is with Stevie called Then Sounds (or something like that) and one is his own called Now Sounds (well words along those lines).

Michele

Thanks for the info, Michele!

[elle]

Originally Posted by michelej1

Fleetwood Mac has had several corporations over the years. In 1997 they had both a merchandising corporation and a touring corporation. Then they formed a new touring corporation in 2001 and that one is the one that is still active today.

Lindsey is in at least two corporations that I know of, one is with Stevie called Then Sounds (or something like that) and one is his own called Now Sounds (well words along those lines).

then sounds, now sounds, when are we gonna get out sh*t together sounds, and of course.... LBTI

[beccamorrisfift]

Originally Posted by elle

well, it's like "Buckingham Records" - just hard facts. i like "Mind Kit Records" much better.

if it would be named after whatever the latest album is he'd have to incorporate anew every time he tours/issues an album. not practical i'd imagine.

Okay, this is kind of a stupid question...
This name always confused me, I couldn't put it together in my head whether it was Mind Kit as in a kit you would use for your mind.
Or if it was Mind Kit as in watch out for Kit, whoever Kit is.
Any clues?

[elle]

Originally Posted by beccamorrisfift

Okay, this is kind of a stupid question...
This name always confused me, I couldn't put it together in my head whether it was Mind Kit as in a kit you would use for your mind.
Or if it was Mind Kit as in watch out for Kit, whoever Kit is.
Any clues?

ha, never thought about it that way but you might be right: he calls Kristen Kit (according to UTS liner notes i guess?).

i always assumed he/they put two separate words together and it sounded good - since he used word "mind" a lot all over SWS and also wanted to have Kristen's name included. but watch for Kit, acknowledge Kit, take Kit into account, think of Kit or however you want to spin it - you might be onto something.

[beccamorrisfift]

Originally Posted by elle

ha, never thought about it that way but you might be right: he calls Kristen Kit (according to UTS liner notes i guess?).

i always assumed he/they put two separate words together and it sounded good - since he used word "mind" a lot all over SWS and also wanted to have Kristen's name included. but watch for Kit, acknowledge Kit, take Kit into account, think of Kit or however you want to spin it - you might be onto something.

Haha, another FMac mystery to solve

So who does Now Sounds belong to then? This is so confusing

[michelej1]

Originally Posted by beccamorrisfift

Okay, this is kind of a stupid question...
This name always confused me, I couldn't put it together in my head whether it was Mind Kit as in a kit you would use for your mind.
Or if it was Mind Kit as in watch out for Kit, whoever Kit is.
Any clues?

You especially have to watch out for her when she comes down.Michele

[beccamorrisfift]

Originally Posted by michelej1

You especially have to watch out for her when she comes down.Michele

High five for that gem.

SN: I never did really get the connection to Kristen with that song.

[michelej1]

Hey, you guys are right. Lindsey does have a company called:

Buckingham Touring, Inc.

There's no "Lindsey" in the registered company name though. It was formed in 2006.


Michele

[CADreaming]

Originally Posted by elle

ha, never thought about it that way but you might be right: he calls Kristen Kit (according to UTS liner notes i guess?).

i always assumed he/they put two separate words together and it sounded good - since he used word "mind" a lot all over SWS and also wanted to have Kristen's name included. but watch for Kit, acknowledge Kit, take Kit into account, think of Kit or

Pay Kit...

Originally Posted by beccamorrisfift

Haha, another FMac mystery to solve

So who does Now Sounds belong to then? This is so confusing

"Now Sounds" is actually the name of Lindsey's publishing. Stevie's is "Welsh Witch Music". These are not mortar and brick companies, to clarify. Anyone who writes songs needs a publishing company to put their songs under. It's ideal if you have your own, it means you own the copyright to the song and you get 100% of the royalties. Then you get a contract with BMI, ASCAP, SESAC for performance rights, royalty distribution, etc. etc. etc. It can get a little complicated - it's all about people wanting/getting a piece of your pie and you need to keep as much of that pie as you can. For instance, you can publish your songs with a music publishing company and only get a writer's share of royalties - you share 50/50 with said company or you can co-publish and get 75%. The pros for sharing publishing is that someone manages all the royalty stuff for you - if I understand this correctly, the example is that Lindsey's publishing, "Now Sounds" is registered with ASCAP (Stevie is with BMI) and those organizations manage their royalties and cut them checks. This is how Stevie's Mom was seeing checks for $25,000 - $30,000 every month or so from BMI for "Silver Springs". Stevie named the publishing company "Barbara Nicks Music" and split the earnings with "Welsh Witch".

Originally Posted by beccamorrisfift

High five for that gem.

SN: I never did really get the connection to Kristen with that song.

You think it's about Stevie? She is a-muse...ing.

Originally Posted by michelej1

Hey, you guys are right. Lindsey does have a company called:

Buckingham Touring, Inc.

There's no "Lindsey" in the registered company name though. It was formed in 2006.


Michele

Cool! Thanks for the scoop Michele. I believe this is done primarily for tax purposes. I did think when you incorporate it was more for what was coming in rather than what was going out though and thought the roadies are paid from a percentage of ticket sales.

So, since it's legit and not a joke - I still have this thought - what a boring thing to put on a guitar pick!

[elle]

Originally Posted by CADreaming

Cool! Thanks for the scoop Michele.

So, since it's legit and not a joke - I still have this thought - what a boring thing to put on a guitar pick!

why? everybody was trying to figure out for the last 5 years what the heck LBTI means. when you know what it stands for it's cut and dry, but since nobody knew...