Generally speaking, it's a good idea to incorporate in the state where you live. But in the entertainment industry, that's not so simple. Most of our clients are bicoastal or relocate for a project.
LLCs and Corporations are NOT the same thing! There are tax and non-tax issues that should be investigated before jumping online to form a new company.
We believe that you need a great team, starting with a great accountant. We have found that working with a CPA from the outset is a key factor in your long-term success.
All corporations must hold annual meetings and file annually with the Secretary of State. Over 33,000 companies are enrolled in our entity management service. There is no obligation to enroll, but should you wish to do so, the annual fee is only $155.
Submit the form below and one of our attorneys will be in touch with you to discuss your corporation.
Legal Advice and Flat Charges
Our flat charge includes legal counsel regarding every aspect of the structure of your new company and the following:
Fill the form below
New York is one of a very small handful of states that require a newly formed limited liability company to publish notice of its formation in local newspapers.
When a production company wishes to employ Screen Actors Guild (SAG) performers, the company must agree to follow various SAG rules related to the employment to SAG performers.
Starting a business is a fantastic New Year’s resolution, but first-time entrepreneurs should keep in mind that it is not necessary to incorporate to start a business.
Most people are not aware of just what it means to properly form a corporation, which consists of much more than just downloading a form and filing Articles of Incorporation with the Secretary of State.
Seems like a shocking thing for a lawyer who forms corporations to say – but after talking to hundreds of entrepreneurs, it is clear to me that too many entrepreneurs are wasting money when they incorporate.
Although virtually the same from a liability protection standpoint, LLCs and corporations are extremely different from a tax standpoint (INFOGRAPHIC).
Effective July 1, 2015, Nevada’s business license fee for corporations increased 150%, effectively putting the nail in the coffin for Nevada as a jurisdiction to consider when forming a business.
Did you know that there are dozens of activities that cannot be provided as a LLC in California?
A foreign corporation—that is, a corporation not formed under California law — may not transact intrastate business in California without first obtaining from the California Secretary of State a certificate of qualification.
A foreign corporation, that is, a corporation not formed under New York law, may not do business in New York until it has been authorized to do so under New York law.
Many states offer significant financial incentives for companies to film movies, television shows, and other productions such as music videos or commercials in their states.
Census figures indicate that between 2010 and 2015, about five million people moved to a different state every year. With that much interstate migration going on, it makes sense to consider carefully what state a corporation should be formed in, especially if the owner knows that a move may be likely in the near future.
Simply put, a loan-out company is a business entity “through which an individual offers his [or her] services or rights to others.”
Loan-out companies may be used primarily in the entertainment industry, but there is nothing exotic about the companies themselves.
Actors and other creatives often use loan-out companies to offer their services or rights to others. The artist’s wholly-owned company enters into an “employment agreement” with the artist and then “loans out” the artist’s services to a third-party production company or other employer pursuant to what we have referred to as a “lending agreement.”
When courts and commentators discuss loan-out companies, they invariably mention at least two benefits for actors and other creatives who choose to offer their services through such companies: (1) limited personal liability, and (2) financial benefits such as advantageous tax treatment for the company’s artist-owner.
The two most commonly cited benefits for actors and other creatives to do business through a loan-out company are (1) limited personal liability, and (2) advantageous tax treatment.
There are legitimate reasons for an individual to protect anonymity by engaging in a particular transaction through a Delaware LLC without divulging the identity of the individual who ultimately is the beneficial owner of the company.