quintet or other group/band business model
Posted: Sun May 02, 2010 10:15 pm
Hello fellow tubenetters,
I have had a quintet for the past 22 years and we have always pretty much worked on a autonomous type of business model where the group splits the check 5 ways. No one is really the leader of the group. Anyone can book a gig. We all weigh in on musical and business decisions. It has worked beause the people in the group have bought into that style of group and we have been successful. If it works don't' fix it right? We we have always asked that the one who hires us pay the members with separate checks. in other words everyone got their own check from the person who hired the group. You deal with your own finances. It was not so much a business as a hobby. In other words there wasn't really much of a business model. We play about 20 gigs a year, so it is not full time by any means. If someone wanted to buy a piece they bought it and gave it to the group. I hate to think how much I have spent on music in the past 22 years, or time I have spent arranging music. But it has been a labor of love and I do not regret any of it. However in the past 5 years the personnel has completely changed. I am the only original member left and I am not getting any younger and I am wondering if perhaps it is time for something different. We have some new members who want to really push the group to get more work, and I don't mind that, but if we get an account and pay the members from the account, I assume we will have to deal with 1099s and stuff like that. I already file Schedule C's for my playing and teaching income taxes but I imagine this would be something different.
Anyway i would be curious how your groups, quintets or other, are run. Is there a definite leader? Does that person get more $. Do you put a percentage of the money from a gig into a "kitty" or band account? Can anyone book a gig? Do they get extra money for booking a gig? Do members of the group have specific jobs, such as music director, business director, treasurer, historian, web master, etcetera, etcetera, etcetera.....
Thanks for any wisdom you care to share....
ken k
I have had a quintet for the past 22 years and we have always pretty much worked on a autonomous type of business model where the group splits the check 5 ways. No one is really the leader of the group. Anyone can book a gig. We all weigh in on musical and business decisions. It has worked beause the people in the group have bought into that style of group and we have been successful. If it works don't' fix it right? We we have always asked that the one who hires us pay the members with separate checks. in other words everyone got their own check from the person who hired the group. You deal with your own finances. It was not so much a business as a hobby. In other words there wasn't really much of a business model. We play about 20 gigs a year, so it is not full time by any means. If someone wanted to buy a piece they bought it and gave it to the group. I hate to think how much I have spent on music in the past 22 years, or time I have spent arranging music. But it has been a labor of love and I do not regret any of it. However in the past 5 years the personnel has completely changed. I am the only original member left and I am not getting any younger and I am wondering if perhaps it is time for something different. We have some new members who want to really push the group to get more work, and I don't mind that, but if we get an account and pay the members from the account, I assume we will have to deal with 1099s and stuff like that. I already file Schedule C's for my playing and teaching income taxes but I imagine this would be something different.
Anyway i would be curious how your groups, quintets or other, are run. Is there a definite leader? Does that person get more $. Do you put a percentage of the money from a gig into a "kitty" or band account? Can anyone book a gig? Do they get extra money for booking a gig? Do members of the group have specific jobs, such as music director, business director, treasurer, historian, web master, etcetera, etcetera, etcetera.....
Thanks for any wisdom you care to share....
ken k