#EMOJI MOVIE PRODUCTION COMPANY PROFESSIONAL#

Consult a lawyer or legal advisorĬreating a production company legally can be complex. These can be a good choice for a business that would otherwise be a C corp, but meet the criteria to file as an S corp. If a shareholder leaves the company or sells his or her shares, the S corp can continue doing business relatively undisturbed. S corps also have an independent life, just like C corps. S corps allow profits, and some losses, to be passed through directly to owners' personal income without ever being subject to corporate tax rates. S Corp (Corporation)Īn S corporation, sometimes called an S corp, is a special type of corporation that's designed to avoid the double taxation drawback of regular C corps. These can be a good choice for medium- or higher-risk businesses, businesses that need to raise money, and businesses that plan to 'go public' or eventually be sold. Corporations also require more extensive record-keeping, operational processes, and reporting. Corporations can make a profit, be taxed, and can be held legally liable.Ĭorporations offer the strongest protection to its owners from personal liability, but the cost to form a corporation is higher than other structures. These can be a good choice for medium- or higher-risk businesses, owners with significant personal assets they want to be protected, and owners who want to pay a lower tax rate than they would with a corporation.Ī corporation, sometimes called a C corp, is a legal entity that's separate from its owners. LLCs can also have a limited life in many states. LLCs protect you from personal liability in most instances, your personal assets - like your vehicle, house, and savings accounts - won't be at risk in case your LLC faces bankruptcy or lawsuits. LLC (Limited Liability Company)Īn LLC lets you take advantage of the benefits of both the corporation and partnership business structures.

#EMOJI MOVIE PRODUCTION COMPANY PROFESSIONAL#

Partnerships can be a good choice for businesses with multiple owners, professional groups (like attorneys), and groups who want to test their business idea before forming a more formal business. Limited liability partnerships are similar to limited partnerships, but give limited liability to every owner. Limited partnerships have only one general partner with unlimited liability, and all other partners have limited liability. There are two common kinds of partnerships: limited partnerships (LP) and limited liability partnerships (LLP). Partnerships are the simplest structure for two or more people to own a business together.

Sole proprietorships can be a good choice for low-risk businesses and owners who want to test their business idea before forming a more formal business.

Emoji movie production company