Scott,
The stand is a permanent "Triangle" shape in it's closed position, and the mic boom pertruded off the side. (actually DOWN the side) It will lay flat, but it makes it hard to stach something next to it because of the small perimiter.
I keep the mic boom AND laptop arms attached in transit ..... it makes for a quicker setup and less to look for when I arrive.
1)set up the stand
2)hang the rack bag
3)place the kb on to
4)plug in howevermany spkrs I will use.

All the wires are in the bag for any size job, and the setup is the same except for amps. Make my life easier.