Quote:
Originally Posted by Barry-xlovecam
Incorporate the production company and isolate it from your other assets. That is your first step -- and maintain the corporate veil properly, so if it is ever challenged, it will stand up to scrutiny. --The Art of the Fucky Fuck ™
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The problem with incorporating the production company is that when they do sue I would be literally required to obtain an attorney for their frivolous lawsuit which will drain all the corporations profits. If I release it as a sole proprietor, then I will be able to represent myself without charging myself $300-$500 an hour.
I guess that would be my next concern. I don't have any personal assets but I would want the profits of the production to be protected and not drained by attorney fees so it's either sole proprietorship or corporation.