I'm possibly on the verge of selling a screenplay to a production company via a prior arrangement with my co-writer and have another one going to a major agent for possible representation. I have six other scripts highly polished and have place as a Finalist twelve times. With this pending sale and with my past experience with owning a corporation in another type business I know of the advantages of tax write offs through being incorporating. My attorney is setting up my corp as a overall, general LLC for me and my wife as co-owners, costing about $1,750.00 in attorney fees and another $575.00 in government filing fees here in Nevada. Does anyone out there have any experience being incorporated as an LLC as a screenwriter?
Screenwriting : To Incorporate or not by Mike Ross
To Incorporate or not
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Of course, it's just a different type of incorporation. For sole proprietorships and general partnerships, the advantage of filing a DBA is that it does not provide the same ongoing compliance requirements of incorporating or forming an LLC. It merely allows the company to transact business with the new name. The limitation is that it does not provide the liability protection and tax advantages of incorporating.