Marco Cordova from our EP Financial Solutions team spoke at an event hosted by Entertainment Law and Intellectual Property Section on October 14. The panel addressed the process of selecting the appropriate form of entity for entertainment projects, including whether (and if) to set up an LLC or corporation for a project-specific single purpose vehicle (SPV); when and where to set up the SPV, considering state tax credit programs and foreign corporation rules; where, if, and how the SPV should fit into the larger corporate structure; setting up SPVs to become guild signatories for the organization/project; and implications for foreign co-productions and international exploitation, and relevant U.S. tax issues.
Additional panelists included:
- Stephen S. Monas – Founder, Business Affairs Inc. (Moderator)
- Tom K. Ara – Shareholder, Greenberg Traurig LLP
- David Free – CPA and Partner, Miller & Co.