The Registered Agent on file for this company is Joseph F Wicks and is located at 207 Second Avenue East, Mclaughlin, SD 57642. Additionally, authors may wish to limit their business entity's assets to the intellectual property, which would require forming a separate corporation or LLC to conduct the publishing company business. For example, a company may not be required to qualify to do business in a state, but could nonetheless be required to file a tax return. Generally, qualifying a company to do business in a state other than its state of formation is similar to the formation process, and the LLC or corporation may be required to pay filing fees and provide certain information and documentation to the state. Therefore, some customers find that this is one factor that may favor choosing a corporation over a limited liability company in certain circumstances. For example, an LLC with only one owner may not have to file a separate federal tax return and its profit or loss can be included on the owner's federal tax filing. I want to incorporate or form an LLC. Don't confuse S corporations with an LLC. The withholdings and payments, however, are based only on the reasonable salary and not on the profits of the corporation. In deciding where to form a company, our clients consider many factors, such as where their company intends to conduct its business. Due to the significant tax issues implicated by the type of entity formed to operate the business, we typically recommend that our customers hire qualified tax professionals to provide tax advice and prepare the company's tax filings. Greene Entertainment Company, LLC is a Georgia Domestic Limited-Liability Company filed on November 30, 2020. Creating operating agreements allows LLC owners to have more control over their businesses. Naming Expert Help. Independent producers still exist in Hollywood, but their numbers are far smaller. In which state should I form my company? Can forming a business entity help in dealing with self-employment tax? Our network attorneys have an average customer rating of 4.8 out of 5 stars. These deals are often negotiated before a film completes and payment is made on delivery. The LLC or corporation is referred to as a "foreign" LLC or corporation in states other than the state in which it was formed. Generally, business entities may acquire health insurance coverage for their employees and, in some instances, their owners. For example, an LLC with only one owner may not have to file a separate federal tax return and its profit or loss can be included on the owner's federal tax filing. Most insurance brokers are sufficiently knowledgeable to be able to discuss the types of health insurance available to a business entity and the scope of the insurance coverage. Check out your local secretary of states website. If a person is injured by one of the LLC's assets and sues and wins, then all of that LLC's assets -- even the other assets that it owns -- can be used to satisfy the judgment obtained against the non-series LLC. Businesses can increase liability protection by setting up parent and subsidiary limited liability companies. © CSC – incorporate.com is a registered trademark of Corporation Service Company ("CSC"). The Registered Agent on file for this company is Paracorp Incorporated (C1082536). Alliance Entertainment rolls out the rock 'n' roll to retailers, colleges, and public libraries. Copyrights exist from the moment of creation of the work, require no special registration, and exist for the life of the author plus 70 years, or, for anonymous works or works made for hire, 75 years from the date of first publication or 100 years from creation. The owner may legally seek to prevent someone from using the trade secret, if it is obtained through theft, espionage or other illegal or unethical means. We will cater to all your needs for any type of event. Selecting the best structure to operate a business typically depends upon the particular circumstances involved, such as the size of the company's business and the number of owners or members. Authors who want absolute control over and beneficial ownership of the intellectual property often hold the intellectual property personally or transfer it to a corporation or LLC where they are the sole owner (sole stockholder or sole member). Different states offer different incentives for LLCs filing in those states. Unlike corporations, LLCs are not subject to double taxation at both the shareholder and company level. Our customers often form a corporation or an LLC to conduct, operate and manage their business in order to help protect their other assets from liabilities or lawsuits that might result from their business. These rights apply, however, only in the areas where the mark has actually been used. Give us a call today to place your order. Dissolved and its File Number is 0893368. The only requirement to maintain rights in a trade secret is that the owner take reasonable measures to maintain the secrecy of the information such as marking documents as confidential, limiting access to the information, prohibiting copying of documents, keeping documents in a locked location, and requiring non-disclosure agreements with others before allowing access to the information. A trade secret can be anything that provides a commercial advantage to a business because it is not generally known to others including, customer lists, formulas, recipes, technical data, business methods, blueprints, and business plans. LLCs protect company assets to make risky business decisions a little bit safer. As a sole proprietor conducting business, I used my social security number. TEC's acts have worked with the biggest names in the city - from professional sports teams the Milwaukee Bucks, Milwaukee Brewers, Milwaukee Admirals and Milwaukee Wave to major corporations such as Northwestern Mutual, MillerCoors, the Marcus Corporation and many others. Net Income (TTM): $2.3 billion. Rights to a trademark arise when the owner uses the mark to identify their goods or services, and continue as long as the mark remains in use. Series LLCs may be of interest to individuals who have assets for which they desire to maintain separate liability protection. For customers who conduct business as a corporation, we find that the corporation typically hires the owners as employees and the corporation then pays such employees a reasonable salary. Copyright Office, and, in fact, must do so before the owner may sue for infringement of the owner's copyrights. The purpose of a trade or service mark is to protect consumers from deception, and to protect the goodwill of the business from misappropriation by others. That determination often makes sense in cases where the company is expected to conduct its operations primarily or exclusively in one state. If the corporation or LLC is formed and managed correctly and there is a claim or lawsuit relating to the business, then generally only the assets owned by the corporation or the LLC, and not the business owner's other personal assets, will be subject to the claim or lawsuit. The cost is usually around $100.00 per company. 3 Copyrights protect creative works such as literary works, dramatic works, motion pictures, sound recordings, pictorial works, graphic and sculptural works, characters and computer software from copying by others, but do not give the author or artist the exclusive right to use the work. By becoming a shareholder of a corporation or member of an LLC, the investors may be entitled to certain rights (e.g., voting rights and the right to share in the profits and distributions of the company) and have certain responsibilities with respect to the corporation or the LLC. Setting up an LLC is a great way for business owners to limit their liability for company debts. In contrast, a corporation must file a separate federal tax return. Theoretically, under a series LLC, if someone is injured by Asset #1 (which is an asset of Series #1) and sues the LLC and wins, then only the assets of Series #1 should be at risk with regard to the claim. How do I protect my rights in my intellectual property and business information? In other words, by forming a corporation or an LLC to operate their business, business owners may be able to limit their potential liability and avoid personal liability if there is a claim or lawsuit relating to their business. You aren’t required to use any particular title, but you do need to make sure that the title you choose is appropriate and doesn’t mislead anyone. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Wynwood Entertainment, LLC … The independent company still bears the risk that a project will not be completed or will incur serious financial loss. Owner at H.A.G Entertainment LLC, a marketing company dedicated to Hip-Hop, Anime and Gaming. BLUESTONE ENTERTAINMENT, LLC | 11 followers on LinkedIn. Although both a corporation and an LLC can help protect a business owner from liability, our customers often form an LLC to conduct their business. If the business is an LLC, that agreement is generally referred to as a "Limited Liability Company agreement" or "operating agreement." Patentable materials include new, useful and non-obvious inventions such as processes, machines, manufactured products, business methods, software, and even pharmaceuticals, microorganisms, and plants. Even if your LLC didn’t do any business last year, you may still have to file a federal tax return. The Registered Agent on file for this company … You might be able to reduce those taxes by setting up a corporation or an LLC. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Wynwood Entertainment, LLC around the world, including contacts, financials, and … Ideas, catch phrases, mottoes, slogans and short advertising expressions are not copyrightable, but may be entitled to protection as trademarks which are discussed below. If the separate corporations or LLCs are properly formed and maintained, then theoretically only the assets owned by a specific corporation or LLC would be subject to claims or lawsuits against that corporation or LLC. In addition, with respect to several states being considered as the place of formation, it is necessary to evaluate, among other things, the cost of forming the company in the state, the tax laws and business laws of the state, and whether it will be necessary for the company to qualify/register to conduct business in one or more other states. You can watch movies on iPods, download TV shows from the internet, and vote for the newest American Idol from your phone. CSC is a service company and does not offer legal or financial advice. Many of our customers who conduct business as a limited liability company, and who are also a member or owner of the company, are subject to self-employment taxes, generally based on the entire share of the profits of the company even if only a portion of the profits is taken as salary. It should be noted that the proper tax treatment of the separate series is still an evolving area of the law. Many states require companies that conduct business in the state to file a separate tax return and pay taxes directly to that state based upon the business conducted in that state, even if the company is not organized in that state. However, if an LLC or corporation does business in a state other than the state in which it was formed, it is generally required to register or "qualify" to do business in that state. Can I Form an LLC While Employed or Working at Another Job? Privacy Policy. Wynwood Entertainment, LLC has 2 total employees across all of its locations and generates $38,997 in sales (USD). A trade secret requires no registration, and is valid for as long as it remains a secret. Mcmillian Entertainment Company, LLC is a North Carolina Limited-Liability Company filed on January 19, 2007. Here's what you need to know to protect yourself and your creations as an independent filmmaker. For example, if a business owner is considering forming a company in Delaware, but all of company's assets and operations are located in New York, then the owner may elect to form the company in New York (and not Delaware), and avoid the dual costs associated with forming the entity in Delaware and then qualifying that entity to do business in New York. Registered agent service consists of providing a corporation, LLC or other business entity with a registered agent and/or registered office in the state where the company is formed and/or the states in which it is qualified or registered to conduct business. For example, the owners of the LLC can expressly set forth and/or limit the rights, powers and obligations of the LLC's managers and members. Whatever the reasons, LLCs are now more expensive to form and maintain than they have been in the past. 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