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dhollister

Member
Hi -

I have a random question. So I've been talking to a lot of potential investors regarding a film I want to shoot. Most of these people are not your average investors, and that's the point. I'm talking to a few rich and retired doctors of various sorts and a few other contacts that are independently wealthy and might be interested in investing in a film.

My question is this - what do I need to do legally in order to accept investments? I mean, I wouldn't think they just write me a check and that's it. How does one write out a contract? What would it entail? Who takes care of this? And more importantly, how much would it cost to have a lawyer or someone do this?

Thanks.
 
You'll want to start an LLC. You should get a lawyer on board before you do anything...as for costs, much like anything else, you get what you pay for...so find a lawyer you can afford, tell them what you plan to do and have them draw up the contracts and set up the LLC.
 
man youhave asked a big question. there is so much as to make this virtually unanswerable here. Do as rigfrog said and get a lawyer. Get and entertainment lawyer. In CA that wont be hard. there are of course many books on the subject. Im reading one now.. Independent Feature Film by Goodell. Its pretty thorough and can give you some insight. hope this helps.
 
You will need to form an LLC, have a business plan, prospectus possibly too. What do the investors get for their cash etc. The MUST be clear filmmaking is an extremely risky venture. If you have never done this before definitely CYA and get a lawyer. It may cost a few grand up front but it is worth it if you have investors lined up.
 
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