Posted 17 August 2008 - 04:27 PM
What I don't know about, and I assume this is true, is that an LLC can own another LLC... example:
Pineapple Express, LLC. is owned by Apatow Productions, LLC.
But, what if Apatow Productions, LLC is signed with the guilds? Does that mean every production under them is signed? Can you create the LLC on it's own, not sign with the union, get through production and then have the parent LLC "buy it" without getting in trouble with the unions?
I realize that I may be completely wrong on half of this, there really aren't any good books about starting a production company. Or how production companies work with unions. So please feel free to correct me of I'm wrong.
Posted 17 August 2008 - 05:06 PM
Posted 17 August 2008 - 07:24 PM
Posted 18 August 2008 - 01:09 PM
And even if SAG decides you need to be a signatory for all your productions, the worst it can do is "encourage" you to do so on other productions by listing you as an "unfair" (meaning non-signatory) producer and ordering its members not to work for you (which they're not supposed to do if you're non-union anyway).
Posted 18 August 2008 - 05:31 PM
When I was starting out I interned at Curious Picutres who had a sound stage, and 3 floors of animating studios. Then I worked at Freed Pictures, that was run by two people. Each had a much different way of dealing with clients, getting paid, accounting, editing, etc.
If you want to learn how to run/start a production company you should work with one. I got to work at the desk next to the Exec Producer at Curious Pictures and learned quite a bit about the business end of commercials/agencies etc.
Starting an LLC is pretty straight forward depending on the state, running a successful (profitable) production company is very difficult.
Posted 27 August 2008 - 04:31 PM
Each LLC or corporation is a separate legal entity, so if the parent company signs one contract, the other company is not inherently bound by that unless they specifically were part of the contract.