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Entities, Taxes & Legal
There's no business like showbusiness.
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In an increasingly litiguous world you MUST protect yourself. The formation of business entities, understanding of tax laws and familiarity with legal issues is imperative to success. There are few things more frustrating than achieving your hopes and dreams, only to discover a legal nightmare.
Some people thrive on the intricaies of business legislation, tax codes and entertainment precedent. Others cringe at the mere thought of attorneys. Regardless, every professional must employ the advice and expertise of entertainment attorneys and accountants. Avoidance of these realities is a fool's errand that often leads to bankruptcy and heartbreak - if no jail time. Remember, ignorance is no defense. And the IRS doesn't understand the words, "innocent until proven guilty".
NOTE: NONE OF THE NEW MEDIA PRODUCTION GUIDE WAS WRITTEN BY ATTORNEYS OR ACCOUNTANTS. NONE OF THE INFORMATION IN THESE PAGES CAN OR SHOULD BE CONSIDERED LEGAL ADVICE. ALWAYS CONSULT YOUR ATTORNEY AND ACCOUNTANT.
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