Imagine you’ve just secured your feature film budget.1 What next? Working as a group, research how to set up a film production company and production office.
What are your legal and tax obligations? What government subsidies are available to Pty Limited companies (rather than individuals or business names?) What is your schedule for this very early preproduction period? What are the costs associated with this first part of the venture? When do you stop working from home and move into dedicated premises? Should you invest in equipment or hire? What is the environmental impact of your production? Can you take steps to reduce the production’s carbon footprint?
Register a company, register a business name, get an ABN and register for GST, work out what factors to consider in choosing premises and then find the right space, set up the phone/communication systems, invent a name and create a logo. Open bank accounts and set up internet banking. Think about who will you hire and when. Find out everything that you need to have in place to be a fully functioning…and inspiring, film Production Company. Use other film production companies as models.
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