#Film production companies word whizzle how to
#Film production companies word whizzle professional

Once you create a website and online presence, you will need to produce work that lives there.

#Film production companies word whizzle how to

How to create a production company portfolio 10. Instagram, Facebook, and YouTube are all places where trailers, commercials, and other video work can live and be discovered by clients or potential Hollywood players. In this day and age, it is a great idea to develop a social media presence as well. A website will enable you to showcase your work and allow clients or audiences to find you. Whether your production company produces independent films or commercial work, having an online presence is incredibly important. How to start a production company website 9. This step will pay off when it's time to file your taxes, apply for a loan, or pay your employees. Consulting a CPA and setting up your bookkeeping right away will also help you avoid costly problems in the future as well as any legal ramifications for overlooked processes. Set up your bookkeepingĮntertainment payroll, production insurance, and other expenses can get complicated and unorganized very fast. How to start your production company’s bookkeeping 8. This step will help you avoid any costly problems in the future. There are many small business lawyers and entertainment lawyers who specialize in production services that can give great legal advice throughout the process.

Here is a video with first hand experience explaining why this is such an important step for anyone starting a production company. Many people jump into starting a production company without laying the foundations. Consulting a legal advisor or lawyer will help ensure that you are taking the necessary steps in starting your company. Consult a lawyer or legal advisorĬreating a production company legally can be complex.

These can be a good choice for a business that would otherwise be a C corp, but meet the criteria to file as an S corp. If a shareholder leaves the company or sells his or her shares, the S corp can continue doing business relatively undisturbed. S corps also have an independent life, just like C corps. S corps allow profits, and some losses, to be passed through directly to owners' personal income without ever being subject to corporate tax rates. S Corp (Corporation)Īn S corporation, sometimes called an S corp, is a special type of corporation that's designed to avoid the double taxation drawback of regular C corps. These can be a good choice for medium- or higher-risk businesses, businesses that need to raise money, and businesses that plan to 'go public' or eventually be sold. Corporations also require more extensive record-keeping, operational processes, and reporting. Corporations can make a profit, be taxed, and can be held legally liable.Ĭorporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures. These can be a good choice for medium- or higher-risk businesses, owners with significant personal assets they want to be protected, and owners who want to pay a lower tax rate than they would with a corporation.Ī corporation, sometimes called a C corp, is a legal entity that's separate from its owners. LLCs can also have a limited life in many states. LLCs protect you from personal liability in most instances, your personal assets - like your vehicle, house, and savings accounts - won't be at risk in case your LLC faces bankruptcy or lawsuits. LLC (Limited Liability Company)Īn LLC lets you take advantage of the benefits of both the corporation and partnership business structures.

#Film production companies word whizzle professional

Partnerships can be a good choice for businesses with multiple owners, professional groups (like attorneys), and groups who want to test their business idea before forming a more formal business. Limited liability partnerships are similar to limited partnerships, but give limited liability to every owner.

Limited partnerships have only one general partner with unlimited liability, and all other partners have limited liability. There are two common kinds of partnerships: limited partnerships (LP) and limited liability partnerships (LLP). Partnerships are the simplest structure for two or more people to own a business together. Sole proprietorships can be a good choice for low-risk businesses and owners who want to test their business idea before forming a more formal business.