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IRS 501 (c) 3 and LLC

Author: Hank Lehrer
Date: 2021-11-18 18:41

Hi All,

To make a long story short, I've been a member of a clarinet quartet that we formed just a year ago. All of us are seasoned clarinetists with music degrees, lots of playing experience, and have held principal chairs of one kind or another.

But things have gotten a little out of hand. We played a few public gigs but surprisingly, we began getting calls for all kinds of things. We have had some honorariums and some local sponsors already. But the idea of more substantial ongoing funding has suddenly seemed like a possibility. Our targets audiences for funding and performances are local charities, schools, and public organizations.

While we will never get rich here, the quartet members enjoy doing community service and are just interested in clearing expenses.

Should we get a 501c3 and/or form an LLC? Your thoughts, please.

Hank

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