Chapter 5
Setting Up Your LLC and Opening Your Bank Account
An LLC (limited liability company) is separate from your corporation. A corporation is more like your umbrella company that depicts your brand. You don’t raise funds under your corporation. I have a company called Snowfall Film, Inc., under which I produce my art house and family films. When Kate and I decided in the fall of 2004 to produce some horror films, we wanted to keep them separate from Snowfall Films and to instead create a company with its own brand, so we launched WindChill Films, Inc.
Every film you produce that you are raising money for will be a separate entity. If anything goes wrong and there is a lawsuit filed against your film, it will not affect your corporation. ...
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