The first decision that impacts everything else is your business structure. While many artists default to sole proprietorship (essentially operating as an individual), this exposes you to unnecessary personal liability and potential tax disadvantages.

For most independent artists, forming an LLC (Limited Liability Company) creates the perfect balance of protection, flexibility, and administrative simplicity. An LLC separates your personal and business assets, which means if your tour van hits someone's car, your personal savings and home aren't automatically at risk. 

Different countries have different names for the various kinds of company structures you can set up, each with their own nuances, but essentially they address the same needs. When you are generating substantial revenue or royalties from your music activities, choosing the jurisdiction in which you register a company will also become of increasing importance. 

Pro tip: Even as a foreign citizen you can often set up business entities in other countries to benefit from lower tax rates and streamline operations. Hiring a local consultant can help you navigate the complex web of international tax treaties, regional incorporation requirements, and banking regulations. Many musicians establish companies in tax-friendly jurisdictions like Ireland, Singapore, United States or the Netherlands to structure their global revenue more efficiently, particularly when their income comes from multiple international sources.