“A film can continue eating revenue from sales for years after, and it is crucial that those are not mingled money from other films."Įach film project typically has different casts and crews, and the associated risks change with each film. “LLCs allow you to keep the accounting for each film separate, both when the investment comes in and when returns from the movie come back," adds Dena Hysell-Cornejo, a filmmaker, writer, producer, and director with Rumpus Room Productions. “Another reason to keep things separate is each film must show a separate chain of title, for example, showing who controls the copyright, and each film must show chain of title to distributors." If another film is a bomb, those investors lose," says Los Angeles-based filmmaker and author Dan Mirvish. “If one film is a hit, those investors make money. One reason to form an LLC for each movie project is to prevent commingling investors. If you're a serious filmmaker-independent or otherwise-covering each of your movie projects with an LLC is a way to protect everyone involved. From the initial idea to raising money, filming, distribution, and getting cast and crew paid, every partner has an interest.
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