Re-use existing business or start new one? at DVinfo.net

Steve Williamson · September 8th, 2005, 04:08 PM

What's the best way to go about the business side of the production of a feature film ... to use a business that already exists (i.e. my production company) or create a new LLC or S-Corp specifically for that particular production, with the assumption the business will go away once the production is over? (I know the Rolling Stones form a new C-Corp for every tour, that then gets disolved once it's over).

Rob Lohman · September 9th, 2005, 01:06 AM

I don't know anything about this, but why go through the hassle? Most people
here have on production company that does all the work, I think.

Richard Alvarez · September 9th, 2005, 06:07 AM

If you are going to get investors, then form a seperate LLC. You don't want people owning a piece of your ProCo.

Don Donatello · September 9th, 2005, 04:49 PM

separate company for the feature .. depending on how many investors you have NOW and how many you plan will determine if you go LLC or S Corp ..

September 8th, 2005, 04:08 PM	#1
Steve Williamson Regular Crew Join Date: Feb 2004 Location: Sandy, OR USA Posts: 31	Re-use existing business or start new one? What's the best way to go about the business side of the production of a feature film ... to use a business that already exists (i.e. my production company) or create a new LLC or S-Corp specifically for that particular production, with the assumption the business will go away once the production is over? (I know the Rolling Stones form a new C-Corp for every tour, that then gets disolved once it's over). __________________ Steve Williamson www.RuckerWorks.com ( RuckerWorks Media ) Web, Video, Photography, Audio

September 9th, 2005, 01:06 AM	#2
Rob Lohman RED Code Chef Join Date: Oct 2001 Location: Holland Posts: 12,514	I don't know anything about this, but why go through the hassle? Most people here have on production company that does all the work, I think. __________________ Rob Lohman, visuar@iname.com DV Info Wrangler & RED Code Chef Join the DV Challenge \| Lady X Search DVinfo.net for quick answers \| Buy from the best: DVinfo.net sponsors

September 9th, 2005, 06:07 AM	#3
Richard Alvarez Inner Circle Join Date: Sep 2002 Location: San Mateo, CA Posts: 3,840	If you are going to get investors, then form a seperate LLC. You don't want people owning a piece of your ProCo.

September 9th, 2005, 04:49 PM	#4
Don Donatello Hawaiian Shirt Mogul Join Date: Nov 2001 Location: northern cailfornia Posts: 1,261	separate company for the feature .. depending on how many investors you have NOW and how many you plan will determine if you go LLC or S Corp ..