Comments on: The New ABC of California Corporations

By: Kristin Jordan

Kristin Jordan — Thu, 22 Mar 2012 00:18:00 +0000

Thank you for the information. I still have some additional questions pertaining to moving forward on Flex(c) which appears to be more along the lines of what might work best for my business.
How and where would I go next?

By: Anna Elias

Anna Elias — Sat, 25 Feb 2012 12:56:18 +0000

Thanks Kevin. This info is very helpful, indeed. Our two socially-minded companies are FL-based. I look forward to those type of corps coming here.

By: Mark Smith

Mark Smith — Sat, 25 Feb 2012 02:07:39 +0000

Investing and investors for creative works are passé they just don’t know it yet. There are better ways to fund creative projects. Think of a PBS funded program like Frontline vs. Fox News. As for the cast, crew, and vendors they either need to be paid properly, receive a stipulated share of revenue/profit or do the work for some other intangible future benefit. You buy insurance for injuries. To be liable would require culpability: negligence, recklessness, intentional tort, strict liability. As for the expression itself, the band Aerosmith is “corporate”, the Black Keys may have “gone corporate” but still retain their soul. The expression refers to the absence of “soul” or “heart”. What we need is diplomatic immunity for creatives not creatives as corporations. Comics already have immunity. As a practical matter, I see the benefit of eliminating personal liability but let’s find a way to do it for real and without “going corporate”. Maybe “pseudonymous” would work. It has in the past.

By: Jeff Steele

Jeff Steele — Sat, 25 Feb 2012 00:11:58 +0000

Please elaborate on the stigma behind “going corporate”. Every film must be a separate corporation (unless you want to be personally liable for everything, including angry investors, unpaid cast/crew/vendors, injuries, etc.)

By: Jeff Steele

Jeff Steele — Sat, 25 Feb 2012 00:08:21 +0000

Not as of yet, but it would be nice if there were.

By: Phil Botana

Phil Botana — Fri, 24 Feb 2012 21:33:01 +0000

Nice work Kevin. Thanks for the info!

By: Mark Smith

Mark Smith — Fri, 24 Feb 2012 16:56:48 +0000

Thank you for the information. Those two new California corporate structures along with the new $1 million and $2 million crowd funding legislation is meaningful progress. More work needs to be done to enable creative endeavors to thrive. Or put another way how do we eliminate the stigma of going “corporate”?

By: Janeen Hill

Janeen Hill — Fri, 24 Feb 2012 14:21:20 +0000

Any tax benefits for the new structures?

By: James Russell

James Russell — Fri, 24 Feb 2012 12:54:00 +0000

Thanks for the info Mr. Mills. Very useful.