{"product_id":"introduction-to-film-and-tv-accounting-setting-up-your-entity-understanding-tax-implications-investor-distributions-and-more","title":"Introduction to Film and TV Accounting: Setting Up Your Entity, Understanding Tax Implications, Investor Distributions and More","description":"\u003cp\u003e\u003cspan style=\"color: #42c2cb; font-size: 14pt;\"\u003e\u003cspan style=\"font-size: 14pt;\"\u003e\u003cstrong\u003e\u003cspan style=\"color: teal;\"\u003e\u003cimg src=\"http:\/\/admin.stage32.com\/vendor\/moxiemanager\/data\/uploads\/15.png\" alt=\"\" width=\"1280\" height=\"158\"\u003e\u003c\/span\u003e\u003c\/strong\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp\u003e\u003cspan style=\"font-size: 16px;\"\u003eAs creators we can get swept away in the excitement of having our film or television project greenlit. Imagining \"lights, camera, action\", the collaborative process and the excitement of having a successful and profitable project is the reason we pursue a life in film and TV. But, before you step on set and get rolling, you'll need remember that this is, in fact, a business. It's a business with a great deal of money at stake for investors who want to make sure their money is protected. In order to do this, you'll need to understand how to set up your project as an entity and the tax implications involved for you and your investors.\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp\u003e\u003cspan style=\"font-size: 16px;\"\u003e\u003cstrong\u003eIt may be the least sexy, but certainly the most \u003cem\u003ecrucial\u003c\/em\u003e component to putting together a film - the accounting process. Someone (or maybe even yourself) has taken a chance on investing in your dream, and that means that investment should be treated with care. Taking the important step of understanding what entity type you should set up and the tax implications that go along with it, will help you avoid major headaches down the road and give you the peace of mind that will allow you to concentrate on making your project the best it can be. Having your project setup correctly from the get go will also help you avoid costly mistakes with investor distributions. And, let's face it, you hope to show that you know the ins and outs and that you can deliver a successful project so your investors will stay with you and invest in your next film or TV project.\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp\u003e\u003cspan style=\"font-size: 16px;\"\u003e\u003cstrong\u003eJohn Thomas and Kristy Clabaugh are Atlanta based CPAs that specialize in providing services to the film \u0026amp; entertainment industries both abroad and in the US.\u003c\/strong\u003e Kristy also serves on the executive board of directors as Treasurer for both the \u003cstrong\u003eGeorgia Production Partnership and Women in Film \u0026amp; Television Atlanta\u003c\/strong\u003e. Together they have worked on \u003cstrong\u003ehundreds of film and television projects\u003c\/strong\u003e assisting clients in all stages of project implementation from investor relations, entity structuring, waterfall projections, budgeting, pre-production and development, production accounting to post-production.\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp\u003e\u003cspan style=\"font-size: 16px;\"\u003eJohn and Kristy will teach you the differences between an LLC, Corporation, S-Corporation and Foreign Entity and the common strategies that go along with each. You'll understand the tax effects of your selection and how dividends vs. distributions will work. You'll also learn how to work with tax incentives and financing. And, most importantly, you'll understand how to talk with your investors and what you'll need with K1s, Section 181, money flow, loan-outs and more. \u003cem\u003e\u003cstrong\u003eThey will teach you everything you need to know to set up your entity correctly, protect yourself legally, give your investors the comfort and security that they're money is protected, and that you're in the best position to see a return.\u003c\/strong\u003e\u003c\/em\u003e\u003c\/span\u003e\u003c\/p\u003e\r\n\u003chr\u003e\r\n\u003cp style=\"text-align: center;\"\u003e\u003cspan style=\"font-size: 14pt; color: #42c2cb;\"\u003e\u003cstrong\u003ePRAISE FOR JOHN \u0026amp; KRISTY'S TEACHINGS:\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp style=\"text-align: center;\"\u003e\u003cspan style=\"color: #42c2cb; font-size: 14pt;\"\u003e\"This is the holy grail! John and Kristy are so knowledgeable about so many things with the business side of the film!\" They made this part of the process actually fun!\"\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp style=\"text-align: center;\"\u003e\u003cspan style=\"color: #42c2cb; font-size: 14pt;\"\u003e- Wade N.\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp style=\"text-align: center;\"\u003e\u003cspan style=\"color: #42c2cb; font-size: 14pt;\"\u003e\"All I can say is wow. I have seen the light and now feel beyond comfortable putting together my next film.\"\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp style=\"text-align: center;\"\u003e\u003cspan style=\"color: #42c2cb; font-size: 14pt;\"\u003e- Jennifer L.\u003c\/span\u003e\u003c\/p\u003e\r\n\u003cp style=\"text-align: center;\"\u003e\u003cspan style=\"color: #42c2cb; font-size: 14pt;\"\u003e\u003cspan style=\"font-size: 14pt;\"\u003e\u003cem\u003e\u003cspan style=\"color: teal;\"\u003e\u003cspan style=\"color: #ffffff;\"\u003e\u003cstrong\u003e\u003cimg src=\"http:\/\/admin.stage32.com\/vendor\/moxiemanager\/data\/uploads\/18_11.png\" alt=\"\" width=\"1280\" height=\"158\"\u003e\u003c\/strong\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/em\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Stage 32","offers":[{"title":"Default Title","offer_id":48055906894131,"sku":"","price":49.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0700\/7728\/4659\/files\/image_65c59ef3c1348.jpg?v=1707450102","url":"https:\/\/stage32.myshopify.com\/products\/introduction-to-film-and-tv-accounting-setting-up-your-entity-understanding-tax-implications-investor-distributions-and-more","provider":"Stage 32","version":"1.0","type":"link"}