Advice wanted for putting together profit-share production
Thu, 1 June 2006, 06:20 pmandreamccannon6 posts in thread
Advice wanted for putting together profit-share production
Thu, 1 June 2006, 06:20 pmI'm after advice on how to put together a company to produce a profit-share production. I have a play that I want to produce and a role in that play that I want to play. I only have a few huindred dollars I can invest myself, though, so would need other people to be involved and invest in the project. How should I get these people together? Is it OK to say that I'm looking for a director, oh and by the way, you need to invest in the prduction? I've only ever been involved as an actor before, so really have no idea where to start - help me, please!
MEAA
Thu, 1 June 2006, 08:18 pmThe MEAA website has a suggested model that works quite well. The website has the contract in full in a downloadable and printable PDF file or at least it used to. I can't find it now. Try www.alliance.org.au. It's a pretty straightforwrd agreement document. A lot of people are getting used to working in co ops today. Just don't rip anyone off.
EDIT: I'm sorry I looked again for this model that I know was there last year. I downloaded it myself for a project here in Adelaide but I can't even find it on my computer now. The dreaded housekeeping obviously caught up with me. It's not rocket science, you need to make it clear from the start that investment is required and give people the opportunity to invest in shares. You must work out how much each investment buys (what percentage of final profit) or you can keep it simple work out how much total you need divide it by the people involved and distribute that way but you must preplan what to do if you make a loss.
Co op is becoming far more common these days there has to be models out there you can use.