Usually bands wind up being much better off with multi-track recorders then using computers. Mostly because it allows for a much simpler interface
Also, you're probably going to need a mixingboard for the band eventually, might as well get a good multitrack with multiple ins. It will double as the mixingboard, and allow you to capture those really good riffs during a jam session.
something like a Tascam 2488MKII as it also has a built in CD-burner so when you're ready to release a demo it's all there.
you could check it out on masteredmusic.com
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