FES Producer Guide / 1. FES Overview & Setup / 1. Production & Post Setup
03. Single Purpose LLC
SINGLE PURPOSE LLC SETUP
Producers will need to establish a new single purpose LLC for their project.
Please make sure to budget for:
- The cost of establishing and closing the entity after producers have made complete delivery.
- CPA/tax accountant for filing taxes.
- One year of tax minimums.
Depending on the tax credit structure(s) of the production, there might be a need for more than one entity which will be discussed during the pre-production process.
If needed, the approved Production Legal counsel can assist Producers with entity setup.
