setting up a production company
 

I have a film which is going to be picked up by a Mexican TV station and
they told me that I'm going to need to have a production company set up in
order to make it work bureaucratically, something I've been meaning to do
anyway as I try to make a career out of documentary film.

I don't know much about this, and there is so much information on the web I
don't know where to start. So I figured I'd ask this forum. Advice?
Anything would be good.

Re: setting up a production company
 

Might be different in Philly, but here, I'd register a custom business name and see a tax consultant, there are tax gains to be made.

Also work out whether you need some sort of contract or agreement which would state the number of on air plays, contain your copyrights
and restrict the station from on selling your show. Call around your local production companies for more advice.

Also find out whether they want a Spanish language version and work on that. Nice way to see in 2013, congratulations and have fun.

Cheers.

Re: setting up a production company
 

I don't mean to hijack your thread, but I was actually going to ask a similar question, albeit from a slightly different angle. I was actually looking into starting a production company abroad to produce films for a foreign market. I'm curious to see if anyone's actually been successful in doing just that, and how they went about it.

I'm guessing you're not planning to setup shop in Mexico, but would be interesting to hear how one might go about doing so.

Re: setting up a production company
 

More details Stephen. Do you mean to 'live' abroad and start a prod. company to produce films for that country, or the foreign markets in general?

Cheers.

Re: setting up a production company
 

Care to say which market?

In general terms, it shouldn't be any different from setting up a company in your own country. If you're looking for specifics, then one can't help without knowing which country.

Re: setting up a production company
 

Don't know how it works in the States, but here in Europe I would first go to the Chamber of Commerce. They have checklists, instructions, advise (often for free) for anyone who want to start a business.

Re: setting up a production company
 

Here in the US, one of the best resources is your state's small business resource center. They will help you complete the correct forms and obtain any necessary licenses, all free of charge.

Re: setting up a production company
 

You can set up an LLC in PA pretty easily online. Either thru their website, or Legalzoom.com.

You might consider getting an accountant or CPA, as you'll need to file taxes as a business, especially if it's based in Philadelphia (Business Privelege Tax, Gross Receipts Tax), plus PA State business taxes. It's complicated.