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Re: Gathering opinions: deciding between LLC and Not-for-Profit

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Diana DiGianoRe: Gathering opinions: deciding between LLC and Not-for-Profit
by on Sep 27, 2009 at 3:39:03 am

Oh my word. Your idea of not-for-profit production companies is really skewed in the wrong direction. There are so many of them in NYC, where I am. Other production companies that would resent a non-profit production company just doesn't get it, in my opinion.

"Most people perceive a non-profit or not-for-profit corporation as one whose aim is to provide altruistic work to aid others."

That's a charity. Not all not-for-profits are charities. For goodness sakes, think about it - most theater companies are not-for-profit. They're arts organizations and not charities, but they qualify to be non-profit. For film/video production, making historical/educational media qualifies a company to establish a not-for-profit corporation. A non-profit can also have a separate for-profit arm, which can distribute its profits as any normal profit-making corporation and would pay taxes.

Besides, here in NYC with so many production companies around, I highly doubt anyone is going to even know what my company's status is, nor resent me for the work I intend to do.

Here are a few websites of not-for-profit production companies in NYS that are pretty much doing what I want to do, to give you an idea of what they're really about:

http://www.outofthebluefilms.com

http://www.firelightmedia.org/

http://www.aubinpictures.com/

http://www.incite-pictures.com/
(For-profit arm of Cin Qua Non, Inc., a not-for-profit)

http://musefilm.org/



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