How to form a C-corporation for Entertainment products

Introduction

While entertainment is an incredible market to do business in, it can be a complex space to navigate. There are plenty of legal considerations that need to be addressed when starting a new entertainment business, especially if you want to incorporate them. In this article, I’ll walk through the steps you need to take if you want to form a C-Corporation for your company.

Choose a business name

Choose a name that is easy for others to remember, but different enough from others in your field to avoid confusion. Make sure the chosen name is not already taken by another business entity or individual, and that it doesn’t violate any trademarks or copyrights. If you’re part of a group of people who plan on forming an LLC together, be sure to choose a name that reflects all their contributions (i.e., if one person has contributed significantly more assets than another).

Select a Corporate Agent

The corporate agent is the person who will receive legal documents on behalf of the corporation. If a corporate agent resides in another state, but not in the state where your business is located, you may have to pay additional fees to have him or she serve as a process server.

The corporate agent must be 18 years or older, and cannot be related to you by blood or marriage. He or she must also be a natural person (i.e., not an entity such as a limited liability company).

File Articles of Incorporation

A corporation is a business organization that protects the personal assets of its owners from liability. It’s easier to create than an LLC, and you may be able to save some money by using this structure for your entertainment business.

To form a corporation, file articles of incorporation with your state’s Secretary of State Office. The time it takes varies from state to state, but it typically takes between 7 and 10 days to complete the process. There are three basic steps:

• Pick out a name for your company (the one you’ll use in all official documents)
• Choose where you want to incorporate (in most cases, this will be where you live or do business) – You can also choose “foreign” status if there are no laws against doing so in your area or country; however, foreign status is rarely used because it makes tax filing more difficult, among other things

Create bylaws

• They should be written in plain language so that even someone who isn’t familiar with the law can understand them.
• Create bylaws specific to your business and industry, not general corporate bylaws from a book or website.
• Have your attorney review your bylaws before you file them with the state. This is especially important if they’re complicated or have been updated recently—your attorney will be able to make sure they’re legally sound and conform to current laws.
• Get approval from the board of directors before filing with each state where you conduct business.

Hold a board meeting

Once you’ve made the decision to form a C-corporation, it’s important that your board of directors takes a moment to reflect on what their duties will be.

Board meetings are generally held monthly or quarterly, depending on the needs of your company. These meetings should focus on discussing financial reports and marketing strategies for upcoming products. Other topics like company culture and employee relations issues may also come up during these sessions.

Appoint officers for your C-Corporation

These are the people who will run the corporation and oversee its operations. Officers can be any individuals who are willing to help out in this capacity. They should not be shareholders or owners of the company, but they do need to be at least 18 years old. Your board of directors will decide which officers should be appointed based on the needs of your business and what each individual brings to it.

Incorporating an entertainment business can be complicated. It’s best to work with an attorney to ensure you’re compliant

To be safe, it’s best to work with an attorney. You can find one online or ask your local chamber of commerce for recommendations.

C-corporations are complex entities that require more formal structures than other types of companies. It’s important to follow the law with regard to taxes and regulations, so it makes sense to work with someone who knows exactly what you need to do in order to stay compliant.

Conclusion

As you can see from the list of steps above, forming a C-Corporation is not an easy task. It’s best to work with an attorney who has experience in entertainment law and can help guide you through the process. The last thing you want is for your business to be shut down because it’s not properly registered or structured as required by law!