Our customers often raise investment funds for use in the conduct of their business by forming a corporation or an LLC and issuing interests in such entities to investors in exchange for money or property. Terms of Use and A service mark is the same as a trademark except that it identifies and distinguishes the source of a service rather than a product. I want to incorporate or form an LLC. In deciding where to form a company, our clients consider many factors, such as where their company intends to conduct its business. Wynwood Entertainment, LLC has 2 total employees across all of its locations and generates $38,997 in sales (USD). … Also, if a company is required to qualify to do business in a state but fails to do so, it may be subject to penalties. For example, an LLC with only one owner may not have to file a separate federal tax return and its profit or loss can be included on the owner's federal tax filing. Greene Entertainment Company, LLC is a Georgia Domestic Limited-Liability Company filed on November 30, 2020. In which state should I form my company? LLCs protect company assets to make risky business decisions a little bit safer. A trade secret requires no registration, and is valid for as long as it remains a secret. The company's filing status is listed as Dissolved and its File Number is DL035207. Authors who want absolute control over and beneficial ownership of the intellectual property often hold the intellectual property personally or transfer it to a corporation or LLC where they are the sole owner (sole stockholder or sole member). In other words, by forming a corporation or an LLC to operate their business, business owners may be able to limit their potential liability and avoid personal liability if there is a claim or lawsuit relating to their business. To best understand how an LLC and a series LLC differ, a typical non-series LLC (if properly formed and maintained) will generally protect its owner's personal assets from the LLC's business obligations. BLUESTONE ENTERTAINMENT, LLC | 11 followers on LinkedIn. Sole proprietors (that is, individuals who conduct a business without a business entity) generally must pay periodic taxes on net self-employment earnings. Why Do Film Companies Form an LLC for a Movie? The Company offers news, scores, teams, games, tickets, and other related services. Whether or not a company must register or qualify in a particular state depends upon the laws of that state, which may vary from state to state. Give us a call today to place your order. A trademark owner may apply to register the mark with the U.S. Patent and Trademark Office, which, among other things, extends the owner's rights to the use of that mark throughout the U.S. and serves as notice to others of the owner's rights in the mark. Critics may wonder, why not form a corporation around the production and limit liability that way? For a full list of products and services offered by incorporate.com, check out Our Services. Do I need a registered agent? The independent company still bears the risk that a project will not be completed or will incur serious financial loss. Among the most notable is the recent California tax change that subjects LLCs to a hefty tax. Short Legal Guide for Independent Filmmakers. Additionally, states may allow a credit for taxes paid to other states with regard to income from business conducted in those other states. Bridge Entertainment Company LLC is a California Foreign Limited-Liability Company filed on November 8, 2016. Wynwood Entertainment, LLC has 2 total employees across all of its locations and generates $38,997 in sales (USD). However, there are costs and administrative burdens associated with forming, qualifying (if necessary), and properly maintaining multiple corporations or LLCs, which should be considered in deciding whether to form separate entities for each business asset. The most common business structure types are the sole proprietorship, partnership, limited liability company (LLC), and corporation. To obtain a patent, an inventor must apply with the U.S. Patent Office to register an invention, and, if the invention meets the criteria for registration, the inventor receives a patent registration certificate that grants the inventor the right to exclude anyone from using that invention without the inventor's permission for 20 years from the date of the application. Cpm Entertainment Company, LLC is a Florida Domestic Limited-Liability Company filed on February 23, 2010. The entertainment industry is completely unrecognizable from what it was fifty years ago. How can incorporating or forming an LLC to own and operate my venue protect me? Essentially, partnerships and LLCs are contractual in nature, and therefore, the owners have broad "freedom of contract" in connection with how the entity will be managed and how profits will be allocated and/or distributed. A single-member limited liability company generally may use the social security number of its sole member for tax purposes. Its stockholders or members continue to use their own social security numbers for filing their individual income tax returns. For example, the owners of the LLC can expressly set forth and/or limit the rights, powers and obligations of the LLC's managers and members. As a business owner, you have many options for paying yourself, but each comes with tax implications. For example, the owners of the LLC can expressly set forth and/or limit the rights, powers and obligations of the LLC's managers and members. Our customers often form a corporation or LLC to conduct, operate and manage their business in order to help protect their other assets from liabilities or lawsuits that might result from their business. Due to the significant issues associated with forming an entity and issuing interests in such entity to investors, we typically recommend that our customers consult with an licensed attorney to obtain advice before issuing interests in the company to investors. If the corporation or LLC is formed and managed correctly and there is a claim or lawsuit relating to the business, then generally only the assets owned by the corporation or the LLC, and not the business owner's other personal assets, will be subject to the claim or lawsuit. The company's filing status is listed as Dissolved and its File Number is DL035207. We represent and secure performance opportunities for a unique roster of exclusive live performance groups and speakers into a variety of entertainment markets including corporate and social events, casinos, fairs and festivals, performing art centers and cruise ships. The only requirement to maintain rights in a trade secret is that the owner take reasonable measures to maintain the secrecy of the information such as marking documents as confidential, limiting access to the information, prohibiting copying of documents, keeping documents in a locked location, and requiring non-disclosure agreements with others before allowing access to the information. Milwaukee is the hidden gem of the Midwest, offering culture, cuisine and fantastic entertainment. I am a photographer who travels on assignments for my job across state lines. For example, if a business owner is considering forming a company in Delaware, but all of company's assets and operations are located in New York, then the owner may elect to form the company in New York (and not Delaware), and avoid the dual costs associated with forming the entity in Delaware and then qualifying that entity to do business in New York. The Registered Agent on file for this company is .Resigned. Also, if a company is required to qualify to do business in a state but fails to do so, it may be subject to penalties. If the business is an LLC, that agreement is generally referred to as a "Limited Liability Company agreement" or "operating agreement." It is important to note that whether or not a company must file a tax return in a specific state is not necessarily determined by whether that company is required to register or qualify to do business in that state. The LoveMonkeys. There are exceptions, however, and active solicitation of customers in the state (including by e-mail) or the sale of certain goods may require qualification. If a person is injured by one of the LLC's assets and sues and wins, then all of that LLC's assets -- even the other assets that it owns -- can be used to satisfy the judgment obtained against the non-series LLC. For example, a company may not be required to qualify to do business in a state, but could nonetheless be required to file a tax return. The statutes of virtually all states require a business entity to (1) specify and maintain a registered office and (2) specify, appoint and maintain a registered agent, in the state in which it is formed and/or registered to conduct business. LLCs offer an additional feature that makes them more flexible and more desirable for use in the entertainment industry: they are not subject to governance rules. Celebrating 25 years as a top drawing band in Wisconsin, it’s obvious this boy band never takes for granted the importance of putting on a great show. I own a photography studio and am thinking about incorporating or forming an LLC. For example, an LLC with only one owner may not have to file a separate federal tax return and its profit or loss can be included on the owner's federal tax filing. Entertainment Companies in Los Angeles on YP.com. Generally, if a company has no physical presence in a particular state and limits its activity to using a common carrier to transport goods to customers located in that state, it will not need to qualify to do business. However, it will not protect one asset owned by the LLC from being used to satisfy a judgment relating to another LLC asset. It is important to set up your entertainment company as a LLC and your publishing company as C-corp. Can I use that number after I incorporate or form an LLC? Alpha Entertainment LLC Alpha Entertainment LLC manages a professional sports league. For companies that operate as partnerships between founders, it is useful to form an LLC around an individual production in order to prevent any losses incurred from that production from impacting either the partnership as a whole or the assets of the individual partners. Privacy Policy. A trademark only entitles the owner to exclusive use of the mark in advertising or identification of the goods or services associated with the mark. To double taxation at both the shareholder and company level, 2016 the obligations of separate! Continue to use their own social security numbers for filing their individual income tax returns only in the areas which... Consumer electronics 6, 2018 a company, is an entity that essentially contains investor liability the! Company ( `` CSC '' ) File a separate federal tax return of use and Privacy Policy step the... 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