Can't advise you regarding an LLC, but as for setting up a 501(c)(3), you must strictly adhere to Internal Revenue Service codes regarding such. Google the term and find a detailed web page listing all of the requirements and restrictions. It's a complex legal framework, involves the hiring of a number of salaried people, as well as a number of volunteers, and also requires a Board of Directors and legal representation. Inform yourself fully and decide if that's beneficial for you.

Setting up a 501c3 is a serious ordeal. Everything as noted above, but just the application is a bear. Not worth it for what you're doing. I would say the same about the LLC, but we had the pros handle that ($) for our business.

Pain in the ass that you almost certainly need to pay a lawyer for some assistance.

501c3 is not the way to go. I'm on the board of trustees for a historical organization, and after a year and a half of expensive legal filings, we finally got our 501(c)3 status. It requires a lot of work and money (about $4-5 thousand), and you have to qualify under specific guidelines recognized by the IRS. It wouldn't make sense for a band to attempt a "non-profit" status. And unfortunately, simply donating your time and services to a charitable organization which already holds a non-profit status (such as a veteran's group or church) does not qualify as a tax deduction. So forget the tax angles and simply play the benefit concert out of the goodness of your heart. It's so much more rewarding.

Mike

All makes great sense... Thanks!