you start up a single member LLC.
the benefit is that you can combine your business into your personal federal taxes on schedule C. & you have the legal benefits of an LLC that is separate from your personal affairs. So if someone sues you, it would be the LLC on the hook not your personal name.
if you are really savvy, start up your LLC in delaware, its cheap, they protect your identity, & if your state has high fees for small business, you can avoid that bullshit. there are 3rd party companies that do all the ppwork for you, just google delaware LLC & start reading up.
after the LLC is set up, get a lawyer with 2257 experience to draft up shoot contracts for the LLC, ensure they include a hold harmless clause. You should have the lawyer also create a 3rd party production agreement so you can hire shooters to shoot for you & convey the shoot copyright to your LLC.
GL.
|