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Old 01-12-2011, 01:24 PM  
Buck Buck is offline
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Film People (and other business owners)
Does anyone here own a film company or at least work at one?

My friends and I are starting one up and we are wondering about what it takes to start a business where you expect to make no money at all and will not be paying any employees.

I read online about all the tax stuff you have to sign up for, but do you have to do that if you are not going to be making a profit at all for at least a year?
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Old 01-12-2011, 01:28 PM   #2
Buck Buck is offline
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Also whats the deal if you have 6 people who want to own the company? Does it have to be only one person?

I figured if we were all owners then we wouldn't really have any employees.
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Old 01-12-2011, 01:31 PM   #3
ClevelandBronco ClevelandBronco is offline
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If you expect to make no money at all the IRS calls that a hobby, not a business.
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Old 01-12-2011, 01:32 PM   #4
Hog's Gone Fishin Hog's Gone Fishin is offline
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We formed an S-corp (4 owners known as shareholders) and yes you need to follow the instructions for filing everything . Go to your Secretary of State Website and start digging.
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Old 01-12-2011, 01:33 PM   #5
Buck Buck is offline
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Originally Posted by ClevelandBronco View Post
If you expect to make no money at all the IRS calls that a hobby, not a business.
The Goal is to make money a couple years down the road.

We will be trying to advertise on our website, and only using that money to advertise ourselves on other websites.
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Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.
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Old 01-12-2011, 01:33 PM   #6
CrazyPhuD CrazyPhuD is offline
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Really you don't think you can make money with gay porn?
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Old 01-12-2011, 01:33 PM   #7
blaise blaise is offline
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So, the old guy you hang out with finally talked you guys into doing gay porn, huh?
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Old 01-12-2011, 01:35 PM   #8
ClevelandBronco ClevelandBronco is offline
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Quote:
Originally Posted by blaise View Post
So, the old guy you hang out with finally talked you guys into doing gay porn, huh?
Missed it by this much...
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ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.
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Old 01-12-2011, 01:35 PM   #9
Buck Buck is offline
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Thanks Hog Farmer.

P.S. We just got done shooting our first video.

We are doing a web-series that will lead into a movie, so we were going to do a test scene, but instead we just wrote a short (about 1-3 min, not sure how long it will be with the final cut). I'll post the vid when its all ready.
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Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.Buck is obviously part of the inner Circle.
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Old 01-12-2011, 01:36 PM   #10
Hog's Gone Fishin Hog's Gone Fishin is offline
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Quote:
Originally Posted by CrazyPhuD View Post
Really you don't think you can make money with gay porn?
Quote:
Originally Posted by blaise View Post
So, the old guy you hang out with finally talked you guys into doing gay porn, huh?

Wow ! Buck you really got a reputation here! Both replies at the same time.
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Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
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Old 01-12-2011, 01:36 PM   #11
ClevelandBronco ClevelandBronco is offline
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Quote:
Originally Posted by Buck View Post
The Goal is to make money a couple years down the road.

We will be trying to advertise on our website, and only using that money to advertise ourselves on other websites.
Look into an LLC. It's easier to run than an S corp.
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ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.ClevelandBronco is obviously part of the inner Circle.
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Old 01-12-2011, 01:37 PM   #12
Demonpenz Demonpenz is offline
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taking hats that no one wants and burning them is a fine business model.
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Old 01-12-2011, 01:37 PM   #13
|Zach| |Zach| is offline
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Don't worry about this part. Just create. Also...don't expect your income to come from advertising. It won't work with no base.
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Old 01-12-2011, 01:44 PM   #14
Hootie Hootie is offline
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Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.Hootie < Tried to steal Andy's chili fries.
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Old 01-12-2011, 01:45 PM   #15
Hog's Gone Fishin Hog's Gone Fishin is offline
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Quote:
Originally Posted by ClevelandBronco View Post
Look into an LLC. It's easier to run than an S corp.
FYI Buck, In an S-Corp each shareholder includes their % of ownership to the IRS on their personal tax return. For example if there are 6 equal owners in the business and your business made $100,000 that year then you would have to show 1/6 or 16.6% of that profit as income on your individual tax return. If you are not expecting any income for a year and will have business expenses as well as depreciation on any equipment you purchase you will have a deduction on your income tax.
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Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
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