Choices of Business Entity in California - Introduction

Before it gets started, an entertainment production company - like any company in any industry - must choose the “business entity” format in which it will operate.  That is, will it be a partnership, a corporation, a limited liability company, a limited partnership, or what?

Every business must consider which business entity to use for its activities. Different business entities are different for different purposes.  Thus, there are certain types of business entities that are suitable for production and entertainment companies.

So here’s a breakdown of all of the alternatives in California:

1. Sole Proprietorship
2. Partnership
3. Limited Partnership
4. Limited Liability Partnership
5. Corporation
        C-Corp
        S-Corp
        Professional Corporation
        Loan Out Corporation
6. Limited Liability Company


We’ll talk about what each of these are in the coming days . . .