BPS 474: The Legal Mistake That Can Destroy Your Film Career with Nellie Akalp

WEBVTT
1
00:00:03.919 --> 00:00:07.000
You are listening to the IFH podcast Network. For more
2
00:00:07.040 --> 00:00:12.679
amazing filmmaking and screenwriting podcasts, just go to ifahpodcastnetwork dot com.
3
00:00:12.839 --> 00:00:16.559
Welcome to the Bulletproof Screenwriting Podcast, Episode number four seventy four.
4
00:00:16.679 --> 00:00:19.559
Your dream doesn't have an expiration date, Take a deep
5
00:00:19.600 --> 00:00:20.960
breath and try again.
6
00:00:21.600 --> 00:00:25.440
Kat You Whitten broadcasting from a dark, windowless room in
7
00:00:25.440 --> 00:00:28.359
Hollywood when we really should be working on that next draft.
8
00:00:28.640 --> 00:00:32.640
It's the Bulletproof Screenwriting Podcast, showing you the craft and
9
00:00:32.719 --> 00:00:35.119
business of screenwriting while teaching you how to make your
10
00:00:35.159 --> 00:00:36.600
screenplay bulletproof.
11
00:00:36.920 --> 00:00:42.119
And here's your host, Alex Ferrari. Welcome, Welcome to another
12
00:00:42.159 --> 00:00:44.039
episode of the Bulletproof Screenwriting Podcast.
13
00:00:44.079 --> 00:00:46.679
I am your humble host Alex Ferrari. Now.
14
00:00:46.719 --> 00:00:50.719
Today's show is sponsored by Bulletproof Script Coverage.
15
00:00:50.960 --> 00:00:51.119
Now.
16
00:00:51.200 --> 00:00:56.119
Unlike other script coverage services, Bulletproof Script Coverage actually focuses
17
00:00:56.159 --> 00:00:59.159
on the kind of project you are in the goals
18
00:00:59.200 --> 00:01:01.560
of the project you are, so we actually break it
19
00:01:01.600 --> 00:01:05.120
down by three categories micro budget, indie film, market, and
20
00:01:05.200 --> 00:01:07.879
studio film. There's no reason to get coverage from a
21
00:01:07.920 --> 00:01:10.599
reader that's used to reading tempole movies when your movie
22
00:01:10.680 --> 00:01:13.040
is going to be done for one hundred thousand dollars
23
00:01:13.159 --> 00:01:14.439
and we wanted to focus on that.
24
00:01:14.599 --> 00:01:16.599
At Bulletproof script coverage, our.
25
00:01:16.439 --> 00:01:21.760
Readers have worked with Marvel Studios, CIA, w MEE, NBC, HBO, Disney,
26
00:01:22.200 --> 00:01:25.599
Scott Free, Warner Brothers, The Blacklist, and many many more.
27
00:01:25.680 --> 00:01:29.120
So if you need your screenplay or TV script covered
28
00:01:29.359 --> 00:01:34.560
by professional readers, head on over to covermiscreenplay dot Com.
29
00:01:34.640 --> 00:01:39.439
Enjoy today's episode with guest host Dave Bullets. But on
30
00:01:39.480 --> 00:01:42.760
today's episode we have a guest who's not a filmmaker,
31
00:01:43.359 --> 00:01:45.560
but it's a person that helps with LLC's I know
32
00:01:45.560 --> 00:01:46.879
a lot of people have been sort of you know,
33
00:01:46.879 --> 00:01:50.040
messaging me and asking if I could get somebody who's
34
00:01:50.200 --> 00:01:52.959
more legal centric on just for an episode or two,
35
00:01:53.480 --> 00:01:56.000
just someone to talk about like the legalities of some
36
00:01:56.079 --> 00:01:59.079
things creating LLC's how do you stay safe when you're
37
00:01:59.079 --> 00:02:01.560
making contracts? So this is actually gonna be a pretty
38
00:02:01.599 --> 00:02:04.719
good episode because she not only you know, does all
39
00:02:04.799 --> 00:02:06.879
work on that, but she also was an entrepreneur, a
40
00:02:06.920 --> 00:02:10.719
small business expert, a speaker, and the CEO of corpnet
41
00:02:10.759 --> 00:02:15.120
dot com. With guest Nelly Acow. Hey, Nellie, thank you
42
00:02:15.159 --> 00:02:16.400
very much for joining us on the show.
43
00:02:16.520 --> 00:02:18.039
Hi, Dave, Thank you for having me.
44
00:02:18.360 --> 00:02:21.000
Oh, you know, it's my pleasure. You know. You know, Nellie,
45
00:02:21.039 --> 00:02:23.800
you were the CEO of Corpnet, and you know I
46
00:02:23.840 --> 00:02:26.919
wanted to, you know, acquire more about your background. So
47
00:02:26.919 --> 00:02:29.000
I you know, I've seen that you always have sort
48
00:02:29.039 --> 00:02:31.199
of had this entrepreneurial spirit, so I wanted to ask,
49
00:02:31.240 --> 00:02:33.479
you know, Nelly, how did you get started, you know,
50
00:02:33.560 --> 00:02:36.439
down the road to becoming the CEO of corporate.
51
00:02:36.360 --> 00:02:40.199
Well, I've been in the industry for over fifteen years
52
00:02:40.280 --> 00:02:45.680
and got into entrepreneurship back in nineteen ninety seven, right
53
00:02:45.719 --> 00:02:49.400
out of law school when we found our first company
54
00:02:50.000 --> 00:02:53.120
and have been in the same an industry ever since.
55
00:02:53.960 --> 00:02:57.280
We grew our first company and sold it back in
56
00:02:57.319 --> 00:03:00.360
two thousand and five to a publicly traded company, and
57
00:03:00.400 --> 00:03:04.000
then took some time off focused on my family and kids,
58
00:03:04.159 --> 00:03:07.599
and decided I was too young, too passionate, too motivated
59
00:03:07.919 --> 00:03:11.680
to take on an early retirement. So I got back
60
00:03:11.800 --> 00:03:15.680
into the legal document filing industry in two thousand and
61
00:03:15.800 --> 00:03:18.439
nine and started my company, corpnate dot com.
62
00:03:18.960 --> 00:03:21.879
So, you know, obviously, you know, the landscape of entrepreneurship
63
00:03:21.919 --> 00:03:24.159
has changed since you know, you first started in and
64
00:03:24.199 --> 00:03:26.159
I think believe you said ninety six. So you know,
65
00:03:26.439 --> 00:03:28.800
what are some of the things really you've actually seen
66
00:03:28.919 --> 00:03:31.240
that have happened recently that has sort of have helped
67
00:03:31.319 --> 00:03:32.759
or maybe even hinted entrepreneurship.
68
00:03:32.919 --> 00:03:36.400
Well, I think we're in a different climate than what
69
00:03:36.439 --> 00:03:39.680
it was like back in nineteen ninety seven. In nineteen
70
00:03:39.719 --> 00:03:44.240
ninety seven, when I started our first company, my Corporation,
71
00:03:44.960 --> 00:03:48.520
it was at the birth of the Internet age, so
72
00:03:48.719 --> 00:03:52.199
it was really easy to you know, put up a
73
00:03:52.199 --> 00:03:56.919
website and immediately start seeing orders come through online even
74
00:03:56.960 --> 00:04:01.759
without having any sort of a payment, get Gateway. Whereas
75
00:04:01.800 --> 00:04:06.000
in two thousand and nine when I launched Corporate, the landscape,
76
00:04:06.080 --> 00:04:09.520
the economic climate, everything had changed. And now we're in
77
00:04:09.560 --> 00:04:13.400
this new age of social media. So in my opinion,
78
00:04:13.560 --> 00:04:17.680
there's a lot of difference between how I ran my
79
00:04:17.800 --> 00:04:23.240
business back in the nineteen nineties versus now. And I
80
00:04:24.399 --> 00:04:27.519
have never worked harder in my life than I do today.
81
00:04:28.000 --> 00:04:29.879
You know, it's funny because you know, that's what a
82
00:04:29.920 --> 00:04:32.079
lot I've heard it from a lot of other entrepreneurs,
83
00:04:32.319 --> 00:04:34.920
because you know, they usually quit their day jobs to
84
00:04:35.120 --> 00:04:38.439
you know, inter follow their passion, follow their own desires
85
00:04:38.439 --> 00:04:40.360
to build their own company. And they always usually say,
86
00:04:40.360 --> 00:04:42.839
you know, we end up working even more, but they
87
00:04:43.000 --> 00:04:45.920
usually enjoy it a lot more because it's working for
88
00:04:45.959 --> 00:04:47.199
their own company, if you know what I mean.
89
00:04:47.319 --> 00:04:51.319
Absolutely, I think the greatest thing about being an entrepreneur
90
00:04:51.519 --> 00:04:55.079
is just being able to shoot as high as you
91
00:04:55.199 --> 00:04:59.800
want and really do it within your own climate, within
92
00:04:59.800 --> 00:05:04.680
you your own creative box, without having any limitations, and
93
00:05:04.720 --> 00:05:10.000
being able to spread your wings as far and loud
94
00:05:10.160 --> 00:05:12.600
and high as you'd like to reach them. And I
95
00:05:12.639 --> 00:05:15.879
think that was one of the biggest realizations for me
96
00:05:16.439 --> 00:05:20.279
after selling my first company, because when we first sold,
97
00:05:20.959 --> 00:05:25.160
really there wasn't any notion of us wanting to leave.
98
00:05:25.240 --> 00:05:29.079
But after the sale, it really lost its culture, its
99
00:05:29.319 --> 00:05:32.680
entrepreneurial spirit for us, and we thought it's perfect time
100
00:05:32.720 --> 00:05:35.000
for us to take some time off and really focus
101
00:05:35.120 --> 00:05:41.160
on growing ourselves as individuals, as entrepreneurs, focusing on my
102
00:05:41.279 --> 00:05:44.480
marriage with my husband and business partner of over nineteen
103
00:05:44.560 --> 00:05:49.319
years now, and really focusing on our children and had
104
00:05:49.360 --> 00:05:53.000
another kid on the way. And you know what it
105
00:05:53.040 --> 00:05:56.680
made me realize is that I really loving my own boss,
106
00:05:56.959 --> 00:06:03.319
and I really don't joy corporate America and really like
107
00:06:03.560 --> 00:06:07.439
to start from scratch create something out of nothing and
108
00:06:07.519 --> 00:06:11.160
really create that culture that I am vision wanting to
109
00:06:11.240 --> 00:06:13.519
be a part of on a daily basis.
110
00:06:13.920 --> 00:06:15.600
Yeah, you know, I think a lot of people in
111
00:06:15.639 --> 00:06:18.839
America have become burned out on corporate America. I think
112
00:06:18.839 --> 00:06:21.720
they've really just gotten burned out on the inter office politics,
113
00:06:21.879 --> 00:06:24.560
you know, on some of the other practices in you know,
114
00:06:24.680 --> 00:06:27.160
corporate America. And I think that's why you're seeing a
115
00:06:27.160 --> 00:06:29.920
lot of entrepreneurship now, of people sort of you know,
116
00:06:30.040 --> 00:06:32.319
starting their own stores, like you know, you mentioned you
117
00:06:32.360 --> 00:06:35.600
started near you know, the the dot com boom. When
118
00:06:35.639 --> 00:06:39.040
I look around today, I see a lot of businesses,
119
00:06:39.079 --> 00:06:41.600
you know, starting up, and you know, there's not a
120
00:06:41.639 --> 00:06:44.240
brick and mortar store at all most of the time.
121
00:06:44.399 --> 00:06:46.560
You know, they're you know, sort of like an they're
122
00:06:46.600 --> 00:06:48.680
an online store, and then if they're like a T
123
00:06:48.759 --> 00:06:51.319
shirt company, they then just farm it out to another company,
124
00:06:51.360 --> 00:06:52.959
and then of course they farm it out to another
125
00:06:52.959 --> 00:06:55.600
company that ships the the the the goods. So it's
126
00:06:55.639 --> 00:06:58.360
just you know, I think this is we're going to
127
00:06:58.399 --> 00:07:01.240
that now where more people aren't going to have the
128
00:07:01.319 --> 00:07:04.160
traditional nine to five It's going to be an entrepreneur
129
00:07:04.279 --> 00:07:07.360
job where you know, you make your own business and
130
00:07:07.439 --> 00:07:09.680
you or even become a freelancer, you know, and you
131
00:07:10.000 --> 00:07:12.639
sort of start and you sort of start getting your
132
00:07:12.639 --> 00:07:13.920
clients and building it from there.
133
00:07:14.160 --> 00:07:17.759
Yes, exactly. And frankly, I think in this day and age,
134
00:07:17.839 --> 00:07:23.360
it's really about the relationships and the reputation that you're
135
00:07:23.399 --> 00:07:26.879
creating out there and you're setting out there for yourself.
136
00:07:27.279 --> 00:07:32.240
Because to me, with this age that we're currently in,
137
00:07:32.279 --> 00:07:36.639
which is the social media digital era, it's really about
138
00:07:36.639 --> 00:07:42.839
that personal engagement and that client nurturing and cultivation and
139
00:07:42.879 --> 00:07:47.000
the relationships that you build with the clients that's going
140
00:07:47.079 --> 00:07:51.399
to determine the success of your business in the long run.
141
00:07:51.839 --> 00:07:54.000
It's very interesting as well because you know, as we're
142
00:07:54.000 --> 00:07:57.279
talking about entrepreneurship, you know, I actually, up until a
143
00:07:57.279 --> 00:07:59.519
few months ago, I actually worked full time at a college,
144
00:07:59.759 --> 00:08:02.560
and you know, when we were actually talking about you know,
145
00:08:02.639 --> 00:08:05.839
creating a new course all about business, you know, a
146
00:08:05.879 --> 00:08:09.720
lot of the professors were they they there was nothing
147
00:08:09.759 --> 00:08:12.800
about this, about this new age about digital and social media,
148
00:08:13.199 --> 00:08:16.360
and I obviously I said something about that and we
149
00:08:16.439 --> 00:08:19.079
ended up not making the course. But it got me thinking.
150
00:08:19.079 --> 00:08:21.720
You know, I've read a book a while ago about
151
00:08:21.839 --> 00:08:24.879
you know, college and where it's at today, and this
152
00:08:25.000 --> 00:08:28.120
guy basically said he thinks that a lot of college
153
00:08:28.519 --> 00:08:30.720
degrees and a lot of people going out and out
154
00:08:30.879 --> 00:08:34.799
in the real world now, they don't have the necessary
155
00:08:34.879 --> 00:08:39.080
tools to succeed. Rather than if you just fresh out
156
00:08:39.120 --> 00:08:41.720
of high school went right in doing what you want
157
00:08:41.759 --> 00:08:44.879
in entrepreneurship, you know, I kind of see his point.
158
00:08:45.000 --> 00:08:46.120
I mean, I don't know, do you do you have
159
00:08:46.200 --> 00:08:47.039
a thought about that.
160
00:08:48.320 --> 00:08:52.720
Here's the thing is, I think personally, in my opinion,
161
00:08:52.840 --> 00:08:58.279
I think anybody who wants to become a successful entrepreneur,
162
00:08:58.360 --> 00:09:01.799
and if they really want to go through entrepreneurship, you
163
00:09:01.960 --> 00:09:05.720
can straight out of high school go into it. But
164
00:09:06.039 --> 00:09:09.279
in my opinion, I think it's super important to have
165
00:09:09.480 --> 00:09:14.159
education under your belt and get a college degree. Why
166
00:09:14.240 --> 00:09:18.240
because I think all of those junctures in our lives
167
00:09:18.559 --> 00:09:25.039
are again extra experience, and the courses that you're taking
168
00:09:25.200 --> 00:09:30.360
in college are geared towards somehow helping you becoming a
169
00:09:30.399 --> 00:09:33.200
better entrepreneur. For me, it has helped me a ton.
170
00:09:33.679 --> 00:09:38.879
I mean, I got my degree in business and marketing,
171
00:09:39.120 --> 00:09:42.919
and some of the classes that I took really helped
172
00:09:43.000 --> 00:09:47.320
me in my daily operations of running and growing my business.
173
00:09:47.399 --> 00:09:51.159
I'm not saying that every class I took helped, but
174
00:09:51.279 --> 00:09:55.240
I think again there geared to be a tool and
175
00:09:55.320 --> 00:10:00.720
a resource to make you a better person in life.
176
00:10:01.000 --> 00:10:03.440
We'll be right back after a word from our sponsor
177
00:10:07.120 --> 00:10:08.679
and now back to the show.
178
00:10:10.120 --> 00:10:14.720
And a better entrepreneur. If that's really the way you
179
00:10:14.759 --> 00:10:17.559
want to go. Others may have a different outlook on it,
180
00:10:17.720 --> 00:10:20.960
and others may have a different opinion on it. You
181
00:10:21.120 --> 00:10:24.919
may have those people who really have that vision, passion
182
00:10:24.960 --> 00:10:30.600
and determination to really write out of high school, want
183
00:10:30.600 --> 00:10:34.519
to start a business. And again, by all means, but
184
00:10:35.240 --> 00:10:39.960
I think it's really important to always better yourself and
185
00:10:40.240 --> 00:10:45.080
always you know, improve yourself as a person and an entrepreneur.
186
00:10:45.120 --> 00:10:47.120
And if you choose not to go to college and
187
00:10:47.240 --> 00:10:51.200
at least, you know, take some online courses to really
188
00:10:51.399 --> 00:10:55.759
you know, strengthen your skills as a business person, if
189
00:10:55.799 --> 00:10:57.080
that's the route you want to go.
190
00:10:57.399 --> 00:11:00.000
Yeah, you know, there's a lot of online courses now
191
00:11:00.200 --> 00:11:03.159
and I see, you know, with the massive online open courses,
192
00:11:03.200 --> 00:11:05.960
you know, a coursia on you to me on skill
193
00:11:06.039 --> 00:11:09.639
share and I sometimes wonder, you know, if that's the future,
194
00:11:09.679 --> 00:11:12.879
if there would be basically you could just take what
195
00:11:12.919 --> 00:11:15.559
you want to take, meaning there would be we would
196
00:11:15.559 --> 00:11:17.960
have to redefine what degrees are. But you know what
197
00:11:18.000 --> 00:11:19.919
I mean, Like so it wouldn't be you taking like
198
00:11:19.919 --> 00:11:23.919
a traditional bachelor's degree, you know, course or curriculum. You
199
00:11:23.960 --> 00:11:25.919
would have you you would take the courses that you
200
00:11:25.960 --> 00:11:28.360
were interested in, and they would either give you a certificate.
201
00:11:28.960 --> 00:11:31.159
What I've seen them do now is there's like a
202
00:11:31.200 --> 00:11:34.559
mini program like I T for instance, had their their
203
00:11:34.840 --> 00:11:37.759
micro master's course and basically it was like you know,
204
00:11:37.879 --> 00:11:40.279
five or six online courses that you had to pass
205
00:11:40.440 --> 00:11:42.480
and then you could you would be getting this what's
206
00:11:42.519 --> 00:11:45.440
called MicroMasters, and it would be about a year's time
207
00:11:45.639 --> 00:11:47.879
rather than the traditional you know two years for a
208
00:11:47.879 --> 00:11:51.279
master's degree. It's just it's just an interesting, uh, you know,
209
00:11:51.519 --> 00:11:54.000
time to be alive because of all these different changes.
210
00:11:54.399 --> 00:11:56.159
And you know, I always look to get different people's
211
00:11:56.200 --> 00:11:58.480
you know, feedback about this, and you know what they're
212
00:11:58.600 --> 00:12:01.360
you know, experiencing and you know in the quote unquote
213
00:12:01.360 --> 00:12:01.799
real world.
214
00:12:02.080 --> 00:12:05.399
Well here's my take on it. I have four children,
215
00:12:05.639 --> 00:12:10.000
and two of them are teenagers, and obviously they see
216
00:12:10.039 --> 00:12:14.240
me on a daily basis in my work attire and
217
00:12:14.639 --> 00:12:18.240
just juggling and trying to balance life with work, and
218
00:12:18.320 --> 00:12:22.799
they see my successes and obviously it's good enough reason
219
00:12:22.879 --> 00:12:25.799
for them to be all amped up and excited about, Hey,
220
00:12:26.279 --> 00:12:29.279
I want to become successful like you, mom, and I
221
00:12:29.320 --> 00:12:31.440
want to go into business for myself. But the one
222
00:12:31.480 --> 00:12:34.440
thing that I always tell my kids is that, well,
223
00:12:34.519 --> 00:12:40.559
you know, success it comes with experience. And my path
224
00:12:40.840 --> 00:12:44.679
for success was not only going and you know, through
225
00:12:45.000 --> 00:12:48.440
high school, getting good grades at listening to my teachers,
226
00:12:48.519 --> 00:12:53.000
going and getting my four year college degree, but I
227
00:12:53.039 --> 00:12:56.360
also decided to go to law school because for me,
228
00:12:56.679 --> 00:13:02.320
every you know, every hour of education that I received
229
00:13:02.360 --> 00:13:05.639
both through my college years and my graduate years was
230
00:13:05.840 --> 00:13:10.360
again experience underneath my belt. And this is from somebody
231
00:13:10.399 --> 00:13:13.759
who not only went to college and graduate school, but
232
00:13:13.879 --> 00:13:17.159
at the same time maintained the job through college and
233
00:13:17.200 --> 00:13:21.320
grad school. And every one of those experiences, in my opinion,
234
00:13:21.759 --> 00:13:24.679
has led and paved the way for me to be
235
00:13:24.799 --> 00:13:28.840
a better person, a better entrepreneur, and really has paved
236
00:13:28.879 --> 00:13:31.960
the way to my success today because those were all
237
00:13:32.000 --> 00:13:37.240
experiences and those interactions, to me, is what really led
238
00:13:37.320 --> 00:13:39.679
me to be who I am today. So I think
239
00:13:39.720 --> 00:13:44.399
the more you can expose yourself to tools and resources
240
00:13:44.399 --> 00:13:47.840
that can make you a better person, a more rounded
241
00:13:47.879 --> 00:13:50.159
person by all means, go for it.
242
00:13:50.799 --> 00:13:52.279
And you know that's what we're to talk to you about,
243
00:13:52.320 --> 00:13:55.240
you know, is your successes. You know, because you know,
244
00:13:55.440 --> 00:13:57.799
I see what you're doing at corporate and it's just
245
00:13:57.840 --> 00:13:59.960
you know, it's awesome, and you know, I want to
246
00:14:00.480 --> 00:14:03.840
sort of ask you. Now, you know, if we were
247
00:14:03.960 --> 00:14:06.559
going to let's just say, you know, let's let's just
248
00:14:06.559 --> 00:14:09.840
say my friend and I just giving an example, we're
249
00:14:09.840 --> 00:14:12.080
going to create a business, and you know, we were
250
00:14:12.080 --> 00:14:13.799
going to come to something like you know, comes come
251
00:14:13.840 --> 00:14:16.799
to corp net, you know, what would you recommend? I mean,
252
00:14:16.840 --> 00:14:18.759
you know, should we you know, you know what I mean.
253
00:14:18.799 --> 00:14:21.480
I know that's a very open into questions Tycher. Probably
254
00:14:21.600 --> 00:14:23.879
probably probably we were that. So you know, let's just
255
00:14:23.919 --> 00:14:26.039
say we came and we wanted to ask you, you know,
256
00:14:26.399 --> 00:14:29.559
the question of LLC versus like S corp and stuff
257
00:14:29.559 --> 00:14:32.159
like that. You know, uh, because you know, with film projects,
258
00:14:32.559 --> 00:14:35.879
they're a little bit different than say some other entrepreneurships
259
00:14:35.879 --> 00:14:37.879
because me because you know, a movie in itself is
260
00:14:38.240 --> 00:14:40.759
is its own entity, so you know, you know, you
261
00:14:40.799 --> 00:14:42.440
build upon that. So if I was going to come
262
00:14:42.480 --> 00:14:44.840
to you with like a film project. You know what
263
00:14:44.919 --> 00:14:46.799
were some of the things that you know you would say,
264
00:14:46.919 --> 00:14:48.879
and you know what would you recommend between an LLC
265
00:14:49.159 --> 00:14:51.559
or maybe even something different than an LLC. You know,
266
00:14:51.759 --> 00:14:53.039
I'm always interested to hear about that.
267
00:14:53.320 --> 00:14:56.720
Let me back up for a minute and just give
268
00:14:56.759 --> 00:15:01.600
you a two second version of what corpnet does, and
269
00:15:01.639 --> 00:15:05.080
then I can provide you with the differences in the
270
00:15:05.120 --> 00:15:09.679
business structures and what we see and would recommend as
271
00:15:09.720 --> 00:15:14.720
a resource to your audience. Our company, Corporate provides business
272
00:15:14.720 --> 00:15:21.320
filing services to startups, entrepreneurs, movie film producers, anybody who's
273
00:15:22.039 --> 00:15:25.840
looking to start a corporation or LLC or any other
274
00:15:25.919 --> 00:15:28.919
type of business filing, or they have an existing business
275
00:15:29.279 --> 00:15:32.039
and want us to help them maintain the business structure.
276
00:15:32.399 --> 00:15:36.559
We provide the services online in all fifty states, and
277
00:15:37.000 --> 00:15:40.879
really what makes us different from all the hundreds of
278
00:15:40.919 --> 00:15:45.279
thousands of other competitors out there is our level of
279
00:15:45.360 --> 00:15:49.600
personal service and really the dedication we have to our
280
00:15:49.639 --> 00:15:53.159
clients from start to finish. So you can visit us
281
00:15:53.159 --> 00:15:56.519
online at www dot corpnet dot com. We have live
282
00:15:56.639 --> 00:16:00.000
chat experts standing by at any time of the day
283
00:16:00.240 --> 00:16:04.360
Monday through Fridays from six am until five pm Pacific
284
00:16:04.399 --> 00:16:08.200
standard time. But specifically, what makes us different is that
285
00:16:08.240 --> 00:16:13.440
we have a very very large customer base of dealing
286
00:16:13.480 --> 00:16:17.360
with the entertainment industry and movie and film producers. So
287
00:16:17.759 --> 00:16:21.240
we probably have about thirty percent of our clients are
288
00:16:21.759 --> 00:16:26.399
in the film industry, and really we consider ourselves experts
289
00:16:26.440 --> 00:16:32.080
in the field of really guiding your audience as to
290
00:16:32.559 --> 00:16:36.399
what's necessary, what type of legal document filings are required,
291
00:16:36.919 --> 00:16:39.279
and to be able to assist them and guide them
292
00:16:39.360 --> 00:16:43.519
into getting what they need. So, in answer to your question, really,
293
00:16:43.879 --> 00:16:49.120
for an inter a person in the entertainment industry trying
294
00:16:49.200 --> 00:16:52.639
to set up a business structure for their movie or film,
295
00:16:53.000 --> 00:16:57.840
you can go either way LLC ors corporation because, as
296
00:16:57.879 --> 00:17:00.960
you mentioned, it dave a movie like an entity of
297
00:17:01.000 --> 00:17:03.480
its own. So one of the things that we recommend,
298
00:17:03.919 --> 00:17:07.279
because we deal with a ton of producers is that
299
00:17:07.319 --> 00:17:10.920
they come with several different movies. Well, each movie should
300
00:17:10.960 --> 00:17:14.000
have its own entity, and as far as it being
301
00:17:14.000 --> 00:17:18.200
an LLC or an S corporation, it really really depends
302
00:17:18.319 --> 00:17:21.920
on the level of formality that you want to deal with.
303
00:17:22.079 --> 00:17:26.440
As far as that particular movie. With the S corporation,
304
00:17:26.759 --> 00:17:31.160
there's stricter requirements as to who can qualify, whereas with
305
00:17:31.279 --> 00:17:35.480
an LLC it's a much more lax type of entity.
306
00:17:35.599 --> 00:17:39.440
Anybody can be a member of an LLC and it's
307
00:17:39.680 --> 00:17:44.039
much less formal as far as the filing requirements that
308
00:17:44.119 --> 00:17:47.880
are required to bring the LLC into existence. In addition,
309
00:17:50.640 --> 00:17:56.200
the only piece of document that really controls the LLC
310
00:17:56.920 --> 00:17:59.960
is the operating agreement. So if you are trying to
311
00:18:00.759 --> 00:18:04.400
set up a movie and the people backing the movie
312
00:18:04.480 --> 00:18:07.839
up some are in state, some are out of state,
313
00:18:07.920 --> 00:18:10.799
the LLC may be the better way to go because
314
00:18:10.839 --> 00:18:14.799
there are no requirements with the LLC that bar and
315
00:18:14.880 --> 00:18:17.319
out of state or to be a member of the LLC.
316
00:18:17.839 --> 00:18:21.200
But as far as the protection as to which one
317
00:18:21.240 --> 00:18:24.799
will afford you greater liability protection, et cetera, both the
318
00:18:24.920 --> 00:18:29.240
S corporate and the LLC offer liability protection. They both
319
00:18:29.359 --> 00:18:37.200
offer the the double taxation avoidance, whereby you would otherwise
320
00:18:37.240 --> 00:18:41.480
have to pay by forming SC corporation. So it really
321
00:18:41.559 --> 00:18:45.319
depends on again the level of formality that you want
322
00:18:45.359 --> 00:18:49.319
to deal with, whether all the shareholders or members of
323
00:18:49.359 --> 00:18:53.680
that particular film are you know, residents of the US,
324
00:18:53.759 --> 00:18:56.359
are citizens of the US. If they are, then S
325
00:18:56.440 --> 00:18:59.799
corporation is a great way to go. Otherwise, the LLC
326
00:19:00.160 --> 00:19:05.119
is a great type of entity and the most favored
327
00:19:05.680 --> 00:19:11.720
within and amongst uh the film industry and the entertainment industry,
328
00:19:11.880 --> 00:19:12.160
you know.
329
00:19:12.440 --> 00:19:14.720
Because my experience you know with LLC's came when we
330
00:19:14.799 --> 00:19:17.640
had to start buying insurance because you know, because when
331
00:19:17.680 --> 00:19:19.759
when when I was doing you know, student films. You know,
332
00:19:20.119 --> 00:19:22.559
you know, most student films are just you know, running gun.
333
00:19:22.599 --> 00:19:25.039
They really don't have you know, the doing it, you know,
334
00:19:25.079 --> 00:19:27.240
the proper way. But when I started, you know, getting
335
00:19:27.279 --> 00:19:30.319
into buying insurance because we started doing you know, riskier stuff,
336
00:19:30.680 --> 00:19:32.359
you know, whether you want to you know, blow up
337
00:19:32.400 --> 00:19:34.799
a car or whatever, the LLC and then you you know,
338
00:19:34.880 --> 00:19:37.920
I would get the insurance and then I could you know,
339
00:19:38.240 --> 00:19:41.200
go from there. And uh, you know that's was you know,
340
00:19:41.519 --> 00:19:43.480
a couple of years ago when I actually the last
341
00:19:43.480 --> 00:19:45.640
time I actually produced something, that's what we did. We
342
00:19:45.680 --> 00:19:46.960
actually went the LLC route.
343
00:19:47.200 --> 00:19:52.400
Yes, LLCs are really really the favorite type of entity
344
00:19:52.720 --> 00:19:55.680
these days. Again, as I mentioned to you, it's great
345
00:19:55.720 --> 00:19:56.880
for a small business.
346
00:19:58.440 --> 00:20:00.960
We'll be right back after a wh from our sponsor
347
00:20:04.599 --> 00:20:05.880
and now back to the show.
348
00:20:07.720 --> 00:20:12.200
And literally anyone can be a member of an LLC.
349
00:20:12.920 --> 00:20:17.640
It's very, very informal. I refer to the LLC as
350
00:20:18.039 --> 00:20:20.839
the entity where you can have your cake and eat
351
00:20:20.880 --> 00:20:24.400
it too, because not only it provides you with all
352
00:20:24.440 --> 00:20:28.359
the liability and asset protection that you want in creating
353
00:20:28.359 --> 00:20:34.240
a business structure, but with limited formalities, with minimal formalities,
354
00:20:34.720 --> 00:20:37.799
so we can take care of it for you. It's
355
00:20:37.839 --> 00:20:41.559
offered in all fifty states, and again we can take
356
00:20:41.559 --> 00:20:44.480
care of filing the LLC for you in any of
357
00:20:44.519 --> 00:20:48.440
the fifty states, and all of the paperwork required to
358
00:20:48.599 --> 00:20:53.319
keep the LLC incompliance throughout the years the LLC in
359
00:20:53.400 --> 00:20:54.759
it is in existence.
360
00:20:55.319 --> 00:20:57.039
So you know, Neilli, I wanted to ask, you know,
361
00:20:57.119 --> 00:21:00.079
if a filmmaker listening to this, you know, wanted to
362
00:21:00.119 --> 00:21:03.519
come to you about starting an LLC, is there anything
363
00:21:03.599 --> 00:21:06.240
they need to do beforehand before coming to you to
364
00:21:06.240 --> 00:21:06.880
start the LLC?
365
00:21:07.480 --> 00:21:12.960
Actually not really. I mean, typically, speaking for a film producer,
366
00:21:13.359 --> 00:21:15.920
we normally use the name of the movie as the
367
00:21:16.000 --> 00:21:20.519
name of the LLC, unless they have another, you know,
368
00:21:20.599 --> 00:21:23.200
particular name that they'd like to use, such as they're
369
00:21:23.200 --> 00:21:26.759
holding company, et cetera. But really what we need before
370
00:21:26.759 --> 00:21:29.759
they come to us is just the name the members
371
00:21:30.000 --> 00:21:31.720
of the people that are going to be as part
372
00:21:31.759 --> 00:21:34.119
of the LLC, the business address, and then we take
373
00:21:34.160 --> 00:21:37.119
care of the rest. I mean really we take the
374
00:21:37.160 --> 00:21:42.559
hassle out of the movie producer doing all the legwork
375
00:21:42.640 --> 00:21:45.599
and bringing the LLC into existence, and then we become
376
00:21:45.640 --> 00:21:48.720
your partner throughout the lifetime of the LLC and helping
377
00:21:48.759 --> 00:21:50.519
you keep the LLC in compliance.
378
00:21:51.039 --> 00:21:52.920
So what are some of the things you're like the LLC?
379
00:21:53.240 --> 00:21:56.119
You know, I know I've been in my experience with
380
00:21:56.119 --> 00:21:58.359
the LLC some of the things like a tax ID
381
00:21:58.519 --> 00:22:00.359
number usually comes up. So you know, what are some
382
00:22:00.359 --> 00:22:02.359
of the things that about being in compliance? You know
383
00:22:02.400 --> 00:22:05.319
that should you know, you know, we be concerned about
384
00:22:05.640 --> 00:22:07.039
for the LLC to being compliance.
385
00:22:07.200 --> 00:22:12.000
So with our company, Corpnet, we offer three different packages
386
00:22:12.200 --> 00:22:16.759
and normally what I would recommend to any movie, film
387
00:22:16.799 --> 00:22:21.319
producer or somebody in the entertainment industry is our Deluxe
388
00:22:21.440 --> 00:22:25.279
or all inclusive complete package, whereby, you know, not only
389
00:22:25.440 --> 00:22:28.880
we take care of handling the name check, we submit
390
00:22:28.920 --> 00:22:31.839
the paperwork to the state for filing for the LLC.
391
00:22:32.519 --> 00:22:36.440
Once the LLC is filed, we actually obtain and assign
392
00:22:36.519 --> 00:22:40.079
the tax ID number to the LLC, which is really
393
00:22:40.119 --> 00:22:44.480
the Social Security number for the LLC, that particular LLC,
394
00:22:44.599 --> 00:22:49.480
where the IRS can identify all the transactions associated with
395
00:22:49.599 --> 00:22:53.279
that particular LLC. And then once the tax id is
396
00:22:53.400 --> 00:22:56.839
signed and we have all the paperwork, including the operating
397
00:22:56.880 --> 00:23:02.240
agreement all drafted, we forward all the documentation to the
398
00:23:02.279 --> 00:23:06.279
particular client for that LLC, whereby it allows them to
399
00:23:06.319 --> 00:23:09.039
go open up the bank account and then start conducting
400
00:23:09.079 --> 00:23:12.839
business under the LLC. And then within a year or
401
00:23:12.839 --> 00:23:17.039
two after, depending on the state requirements, we can file
402
00:23:17.279 --> 00:23:22.119
all the statement of information, annual report filings, all the
403
00:23:22.160 --> 00:23:26.640
compliance filings that are due for that LLC within their state.
404
00:23:26.799 --> 00:23:32.039
In addition to, for example, if the general principle of
405
00:23:32.079 --> 00:23:36.240
the LLC likes to make any modifications to the LLC
406
00:23:36.559 --> 00:23:39.359
AD members, the lead members, we can help them throughout
407
00:23:39.400 --> 00:23:42.519
the lifetime of the LLC with all those needs as well.
408
00:23:42.880 --> 00:23:45.400
You know, that's something that you know, I've learned that
409
00:23:45.480 --> 00:23:48.079
you need on a film project is either so you
410
00:23:48.119 --> 00:23:51.200
know somebody who knows the legalities of things, because you know,
411
00:23:51.240 --> 00:23:53.319
when you get stuff like the tax ID number and
412
00:23:53.400 --> 00:23:55.359
you start getting you know, into into sort of like
413
00:23:55.440 --> 00:23:58.200
you know, lots of legal documents. I've realized that you
414
00:23:58.240 --> 00:24:00.160
do need to have somebody who you can turn to
415
00:24:00.279 --> 00:24:02.640
and be like, what does this mean? Exactly Yes.
416
00:24:02.880 --> 00:24:06.839
And here's the great thing about our business, Dave, is
417
00:24:06.880 --> 00:24:12.759
that we assign you your own business filings expert, your
418
00:24:12.759 --> 00:24:16.720
own dedicated account rep. And we deal with a tin
419
00:24:16.839 --> 00:24:20.440
of high end movie producers who will call here and
420
00:24:20.559 --> 00:24:25.000
for example, deal with our senior filings expert, Amanda Baron,
421
00:24:25.440 --> 00:24:30.359
who is literally has been with the company since day one,
422
00:24:31.000 --> 00:24:36.079
is a walking encyclopedia when it comes to forming corporations
423
00:24:36.079 --> 00:24:39.640
and LLCs in all fifty states. But she's also our
424
00:24:39.720 --> 00:24:44.279
specialist in dealing with people who are within the entertainment
425
00:24:44.400 --> 00:24:49.039
industry and who'd like to form corporations or LLCs for
426
00:24:49.200 --> 00:24:53.200
their movies. So we will assign you not only to
427
00:24:53.359 --> 00:24:58.680
an expert, but an expert that has expertise in your field.
428
00:24:59.279 --> 00:25:01.279
So, you know, nearly I wanted to ask, you know,
429
00:25:01.799 --> 00:25:04.279
if we were talking about entrepreneurship, you know, and I
430
00:25:04.319 --> 00:25:07.000
always wonder, you know, where crowdfunding sort of comes into this,
431
00:25:07.200 --> 00:25:09.559
because you know, with the equity based crowdfunding coming in
432
00:25:09.599 --> 00:25:12.279
the law, you know, I always wonder, you know, where
433
00:25:12.279 --> 00:25:14.920
that would fall within the LLC because now you know,
434
00:25:14.920 --> 00:25:17.359
with people being able to sort of buy into the project.
435
00:25:17.480 --> 00:25:19.960
I wonder if does that add you know, a lot
436
00:25:20.200 --> 00:25:22.559
another dimension or two to to your LLC.
437
00:25:23.160 --> 00:25:27.880
I mean, we deal with all sectors, all verticals, and
438
00:25:28.000 --> 00:25:31.640
really we're here to service any type of clients filing
439
00:25:31.759 --> 00:25:36.480
needs that they require. So you know, in my opinion,
440
00:25:36.799 --> 00:25:40.440
whoever needs assistance with setting up a corporation or an
441
00:25:40.599 --> 00:25:44.279
LLC in whatever business, vertical or sector they are, we
442
00:25:44.319 --> 00:25:45.319
can assist them.
443
00:25:45.680 --> 00:25:47.960
That's good to know because you know, like I was
444
00:25:47.960 --> 00:25:50.039
saying before, you know, with you know, having somebody in
445
00:25:50.079 --> 00:25:52.319
your corner, because I've been down that road before too,
446
00:25:52.440 --> 00:25:55.119
and it's just you know, I've ever done equity based crowdfunding.
447
00:25:55.119 --> 00:25:57.079
So I was doing crowdfunding. It wasn't around. But you know,
448
00:25:57.079 --> 00:25:59.440
even when you're doing perk crowdfunding. You know, I had
449
00:25:59.480 --> 00:26:01.799
a producer on there going is this legal? Should we
450
00:26:01.839 --> 00:26:03.559
get a lawyer on here? And I said no, no, no,
451
00:26:03.599 --> 00:26:05.440
I said, you know, it's through their own website, you know,
452
00:26:05.720 --> 00:26:07.920
and they explained in their terms and agreements, you know
453
00:26:08.119 --> 00:26:11.559
what is entailed with this crowdfunding campaign. It's perk based,
454
00:26:11.599 --> 00:26:13.880
you know, et cetera, et cetera. But you know, i
455
00:26:13.960 --> 00:26:16.519
just wanted to ask, because you know, with that becoming
456
00:26:16.599 --> 00:26:19.519
nor we're rolling out more and more. I just wanted
457
00:26:19.559 --> 00:26:21.839
to ask if that would you know, entail something completely
458
00:26:21.880 --> 00:26:22.920
different on top of the l's.
459
00:26:23.079 --> 00:26:26.480
Yeah, not at all. And in fact, one of the
460
00:26:26.519 --> 00:26:30.279
notions and the lack of awareness out there that I
461
00:26:30.319 --> 00:26:33.039
wanted to address, which you just brought up, Dave, is
462
00:26:33.079 --> 00:26:36.519
the fact that there's still this lack of awareness that
463
00:26:36.599 --> 00:26:40.039
a corporation or LLC can be done on your own
464
00:26:40.079 --> 00:26:44.000
through a reputable online company such as the services we
465
00:26:44.119 --> 00:26:47.920
provide here at Corporate and most often people think that
466
00:26:48.000 --> 00:26:49.880
they do have to go to an attorney or an
467
00:26:49.880 --> 00:26:54.000
accountant to get these filings. Then again, remember this company
468
00:26:54.000 --> 00:26:56.920
and our other companies was found by attorney husband and
469
00:26:56.960 --> 00:27:00.759
wife teams. So we've been through law school, we are
470
00:27:00.799 --> 00:27:03.920
within the industry. My husband is admitted to the California
471
00:27:04.000 --> 00:27:08.000
State Bar, and frankly, you do not need a lawyer
472
00:27:08.200 --> 00:27:12.559
to form a corporation or LLC and nearly act as
473
00:27:12.599 --> 00:27:15.960
a scriptner to file documents with the state. You can
474
00:27:16.000 --> 00:27:19.640
take care of these filings and more with the help
475
00:27:19.839 --> 00:27:24.200
of a company such as ours for literally one tenth
476
00:27:24.480 --> 00:27:27.279
and iota of the price and really save that money
477
00:27:27.359 --> 00:27:30.319
that you would otherwise pay to a legal professional and
478
00:27:30.440 --> 00:27:33.240
really use it when it comes handy when you actually
479
00:27:33.240 --> 00:27:36.599
need the assistance of a lawyer. So we're very capable
480
00:27:37.000 --> 00:27:41.440
and consider ourselves experts in the field and can handle
481
00:27:41.480 --> 00:27:44.640
all these filings and more in all fifty states.
482
00:27:45.200 --> 00:27:46.839
So, you know, Nelly, that's a good point you just
483
00:27:46.839 --> 00:27:48.519
brought up, and I wanted to ask, you know, when
484
00:27:48.519 --> 00:27:51.079
it does come to time to dissolve the LLC, like
485
00:27:51.119 --> 00:27:53.319
if it was a film project, you know, we've shot it,
486
00:27:53.359 --> 00:27:55.920
you know, we've we've no it's in post production, it's
487
00:27:55.960 --> 00:27:58.599
being distributed, you know, and it's this comes up a
488
00:27:58.599 --> 00:28:00.000
point in time when you have to dissolve it. L
489
00:28:00.720 --> 00:28:02.119
you know, is that a complicated process?
490
00:28:02.240 --> 00:28:05.680
Not at all. In fact, again, we handled dissolutions in
491
00:28:05.720 --> 00:28:09.079
all fifty states, and we can help you in dissolving
492
00:28:09.279 --> 00:28:12.480
the LLC at the end of the film project. It's
493
00:28:12.599 --> 00:28:15.440
just merely a document that needs to be filed within
494
00:28:15.519 --> 00:28:20.799
the state, and obviously every state has different requirements. Some
495
00:28:21.039 --> 00:28:26.799
dissolutions are much more tedious and require much more filings
496
00:28:27.079 --> 00:28:30.880
than others. But again, we handle dissolution paperwork in all
497
00:28:30.880 --> 00:28:33.880
fifty states and can help you in dissolving the LLC
498
00:28:34.000 --> 00:28:34.359
as well.
499
00:28:35.400 --> 00:28:37.160
So nel you know, now we know we've talked a
500
00:28:37.160 --> 00:28:39.680
lot about LLCs and you know, and making companies and
501
00:28:39.720 --> 00:28:42.400
everything like that. Is there any sort of challenges you see,
502
00:28:42.519 --> 00:28:44.799
you know, in your daily, your weekly, you know, business
503
00:28:45.079 --> 00:28:48.039
from from entrepreneurs or filmmakers. Is there any sort of
504
00:28:48.160 --> 00:28:50.519
mistake that you see a lot of that? Is it
505
00:28:50.559 --> 00:28:52.839
almost like a common mistake that you see that people make.
506
00:28:53.160 --> 00:28:56.359
I think oftentimes the most common mistakes that we see
507
00:28:56.480 --> 00:29:01.039
is again the filmmaker, the entrepreneur not having the due
508
00:29:01.079 --> 00:29:06.160
diligence or the information necessary, paying tons of money where
509
00:29:06.160 --> 00:29:09.039
they otherwise they could have saved the money and come
510
00:29:09.319 --> 00:29:12.480
to a company such as ours to form the legal
511
00:29:13.000 --> 00:29:17.880
paperwork for them, oftentimes not having the correct information and
512
00:29:17.960 --> 00:29:21.359
filing the LLC in a state other than the state
513
00:29:21.400 --> 00:29:25.880
where the movie is being shot, and not doing their
514
00:29:25.960 --> 00:29:29.079
due diligence and making sure the name is available before
515
00:29:29.279 --> 00:29:33.960
forming the LLC, and then after the LLC is formed,
516
00:29:34.000 --> 00:29:37.839
not having the proper information to keep the LLC in compliance.
517
00:29:38.359 --> 00:29:41.599
So these are all mistakes that we've dealt with and
518
00:29:41.799 --> 00:29:46.119
oftentimes have to have fixed. So again, it could all
519
00:29:46.160 --> 00:29:51.000
be saved by having a reputable company take care of
520
00:29:51.039 --> 00:29:54.519
these filings for you and just calling us and having
521
00:29:54.640 --> 00:29:57.880
us do a free business consultation over the phone with you.
522
00:29:59.480 --> 00:30:02.000
Will be right back after a word from our sponsor
523
00:30:05.640 --> 00:30:07.200
and now back to the show.
524
00:30:08.640 --> 00:30:11.319
Or taking advantage of our live chat feature.
525
00:30:11.759 --> 00:30:13.960
So, you know, Neil, you brought up a funny you know,
526
00:30:13.960 --> 00:30:15.480
grow up something, and it reminds me of a funny
527
00:30:15.480 --> 00:30:17.720
story that happened to me. You know, I have a
528
00:30:17.799 --> 00:30:19.559
friend of mine who's an attorney on my you know,
529
00:30:19.640 --> 00:30:22.240
on my Facebook friends list, and when I started my
530
00:30:22.319 --> 00:30:25.519
production company, she actually sent me an email telling me
531
00:30:25.599 --> 00:30:27.640
that it was it was a bad idea. I mean,
532
00:30:27.680 --> 00:30:30.279
it was called Iron Fist Films, my my production company,
533
00:30:30.279 --> 00:30:31.880
and she thought it was too close to the Marvel
534
00:30:31.920 --> 00:30:35.279
superhero Iron Fist and I and I said, but my
535
00:30:35.400 --> 00:30:37.799
Iron Fist is based off of Iron Fist training from
536
00:30:37.880 --> 00:30:40.440
Shallon kung Fu. That's you know, three thousand years old,
537
00:30:40.559 --> 00:30:41.920
you know, I I you know, And I was trying
538
00:30:41.960 --> 00:30:43.799
to go back and forth with her about this, But
539
00:30:43.920 --> 00:30:45.960
I mean, have you seen something like similar like that
540
00:30:46.039 --> 00:30:49.640
happen where maybe a trademark was a little too close
541
00:30:49.680 --> 00:30:50.000
to home.
542
00:30:50.119 --> 00:30:53.079
Absolutely, we deal with that on a daily basis because
543
00:30:53.119 --> 00:30:57.319
as part of our products and services, we offer trademark registration,
544
00:30:58.079 --> 00:31:02.240
search and filing services. And oftentimes people, as I mentioned
545
00:31:02.240 --> 00:31:04.839
to you, do not take the time to check on
546
00:31:04.920 --> 00:31:08.240
that name to make sure it's available before they start
547
00:31:08.279 --> 00:31:12.200
the business, and they don't take an additional they don't
548
00:31:12.240 --> 00:31:16.000
take the additional necessary steps to do a further research
549
00:31:16.039 --> 00:31:18.880
of the name to see whether anybody has common law
550
00:31:18.960 --> 00:31:22.480
rights to that name, whether that name has a potential
551
00:31:22.759 --> 00:31:27.039
trademark right to it. And again we can help and
552
00:31:27.160 --> 00:31:30.839
assist because we have all those tools on our website
553
00:31:30.920 --> 00:31:33.559
such as the free name Search, the free trademark search,
554
00:31:33.880 --> 00:31:37.519
that can provide you with the necessary information so that
555
00:31:38.039 --> 00:31:41.640
you are prevented on being on the wrong end of
556
00:31:41.680 --> 00:31:44.640
a trademark infringement suit potentially.
557
00:31:45.039 --> 00:31:48.240
You know another funny story. It's involves a friend of mine.
558
00:31:48.279 --> 00:31:52.559
He actually was a private investigator and lawyers, trademark lawyers
559
00:31:52.559 --> 00:31:55.119
will actually hide or hire him out to go and
560
00:31:55.240 --> 00:31:59.359
investigate some different trademarks and he actually had one. One time.
561
00:31:59.599 --> 00:32:03.559
These four guys started a company. They just start, you know,
562
00:32:03.599 --> 00:32:06.279
open up a actual physical store and the name of the
563
00:32:06.319 --> 00:32:11.519
store was called Apple, and literally they did I don't
564
00:32:11.519 --> 00:32:13.240
think they made an LC but they just started coming.
565
00:32:13.440 --> 00:32:14.920
You know, the business called Apple. They had a they
566
00:32:14.920 --> 00:32:18.559
had a logo outside their Their logo also was was
567
00:32:18.599 --> 00:32:21.079
you know, a green Apple. And when he went in
568
00:32:21.119 --> 00:32:23.359
there to talk to him about it, they actually were
569
00:32:23.400 --> 00:32:26.079
like dumb they were attending they were dumbfounded, like we
570
00:32:26.119 --> 00:32:28.319
don't know anything about this other apple? What are you
571
00:32:28.359 --> 00:32:32.400
talking about. Needless to say, they actually decided to shut
572
00:32:32.440 --> 00:32:35.200
it down when finally when the trademark lawyers were like, look,
573
00:32:35.200 --> 00:32:36.480
we're gonna sue you if you don't stop.
574
00:32:36.640 --> 00:32:40.359
Yes, exactly, and that will happen. And again, you can
575
00:32:40.400 --> 00:32:43.400
save yourself a ton of headache and time if you
576
00:32:43.599 --> 00:32:46.599
just go about and do your due diligence before you
577
00:32:46.720 --> 00:32:50.119
start printing out business cards and letterheads and start using
578
00:32:50.160 --> 00:32:51.240
that name in commerce.
579
00:32:51.720 --> 00:32:54.839
Yeah, it's uh, yeah, I concur You know, that's when
580
00:32:54.920 --> 00:32:57.160
when I used iron Fist, I actually went through and
581
00:32:57.200 --> 00:32:59.759
I actually made sure it wasn't going to be a problem.
582
00:33:00.200 --> 00:33:02.759
But I know that, you know, her and I were talking,
583
00:33:02.799 --> 00:33:05.200
my attorney friend, and I she you know, brought that
584
00:33:05.279 --> 00:33:07.599
up just because she thought it was you know, too close.
585
00:33:07.640 --> 00:33:10.960
But uh but again mine is based off something completely different.
586
00:33:11.039 --> 00:33:13.119
You know, that's a's a couple thousand years old, so
587
00:33:13.160 --> 00:33:15.440
I don't really know if anybody could actually trademark that,
588
00:33:15.759 --> 00:33:19.000
although you know, I hear Budweiser is changing the name
589
00:33:19.000 --> 00:33:25.559
of their beer to America. Yeah, I heard that. I
590
00:33:25.559 --> 00:33:27.720
don't know how he would be able to trademark America,
591
00:33:27.799 --> 00:33:29.039
but that would.
592
00:33:28.839 --> 00:33:33.640
Be considered a generic term, so it's not a trademarkable
593
00:33:33.839 --> 00:33:38.119
unless they do Budweiser slash America or something like that.
594
00:33:38.240 --> 00:33:41.000
I'm sure they have a great team of legal experts
595
00:33:41.039 --> 00:33:42.400
working on that as we speak.
596
00:33:43.880 --> 00:33:45.640
You don't know that we've been talking for about, you know,
597
00:33:45.720 --> 00:33:48.200
thirty minutes. You know, I wanted to ask, you know,
598
00:33:48.359 --> 00:33:50.880
is there anything that we sort of haven't discussed yet,
599
00:33:50.960 --> 00:33:52.960
or anything you wanted to to maybe mention that we
600
00:33:52.960 --> 00:33:53.880
we didn't get a chance to.
601
00:33:54.200 --> 00:33:57.839
Actually, I think we've covered it all and again. We'd
602
00:33:57.960 --> 00:34:01.839
love to assist any one of your audiences with any
603
00:34:01.920 --> 00:34:05.559
of their business filing needs or helping them set up
604
00:34:05.559 --> 00:34:08.280
a corporation or LLC in all fifty states. You can
605
00:34:08.360 --> 00:34:12.519
visit us online at www dot corpnet dot com. If
606
00:34:12.559 --> 00:34:15.639
you have any questions, feel free to email us to
607
00:34:16.000 --> 00:34:19.119
info at corpnet dot com or just pick up the
608
00:34:19.119 --> 00:34:22.840
phone call one eight eight eight four four nine two
609
00:34:22.880 --> 00:34:25.639
six three eight. You can follow me on Twitter at
610
00:34:25.639 --> 00:34:31.039
corpnet Nelly, or follow the company at Twitter at corpnet.
611
00:34:31.159 --> 00:34:34.679
And then we're also on live chat Monday through Fridays
612
00:34:34.679 --> 00:34:37.280
from six am until five pm Pacific Standard time.
613
00:34:37.880 --> 00:34:40.440
And that's awesome and everyone I will link to everything,
614
00:34:41.159 --> 00:34:42.960
all the links Nelly just said in the show notes
615
00:34:43.000 --> 00:34:45.119
as well. You know, Nelly, I want to say thank
616
00:34:45.119 --> 00:34:48.000
you very much for coming on and you know my
617
00:34:48.079 --> 00:34:49.320
pleasure and you know, I want to wish you the
618
00:34:49.360 --> 00:34:52.000
best of luck with everything with CORPNT and for helping
619
00:34:52.039 --> 00:34:53.159
all the future entrepreneurs.
620
00:34:53.159 --> 00:34:55.639
Thank you so much, and thank you for the opportunity.
621
00:34:55.719 --> 00:34:57.880
Dave, oh my pleasure, take care, NELLI takes care.
622
00:34:58.880 --> 00:35:00.559
I want to thank Dave so so much for doing
623
00:35:00.599 --> 00:35:02.239
such a great job on this episode. If you want
624
00:35:02.239 --> 00:35:04.199
to get links to anything we spoke about in this episode,
625
00:35:04.239 --> 00:35:07.639
head over to the show notes at Bulletproofscreenwriting dot tv.
626
00:35:07.920 --> 00:35:10.440
Forward slash four seventy four. Thank you so much for
627
00:35:10.480 --> 00:35:13.559
listening to guys. As always, keep on writing no matter what.
628
00:35:13.920 --> 00:35:14.679
I'll talk to you soon.
629
00:35:15.159 --> 00:35:19.840
Thanks for listening to the Bulletproof Screenwriting Podcast. At Bulletproofscreenwriting
630
00:35:19.960 --> 00:35:20.519
dot tv,