Disclosed is a folding sheet music stand that is capable of being folded into a very compact package. In the folded position, the folding sheet music stand is easily transportable and less susceptible to damage. A carrying bag can be used to transport the folded sheet music stand. The folding sheet music stand can be easily assembled and provides a sturdy platform for displaying folded sheet music to musicians. The folding sheet music stand is fully adjustable so that the folding sheet music stand can be used by musicians using various different types of instruments.