PRODUCTION TIPS: A Plan for Managing Film Funds in a Joint Account
“People who want to make a million borrow a million first” ― Sophie Kinsella, Shopaholic Takes Manhattan “Money often costs too much.” ― Ralph Waldo Emerson Money is both the lifeblood and the bane of film; we need it to express our visions on celluloid (or digital) but getting it is a struggle. And getting the money is not only hard to get but also hard to keep. Now, although most directors and producers (and sentient earthlings) would prefer to have the problems associated with money than be broke, it is still important to remember that keeping the money can be even more problematic than getting it. That point was made vividly clear to me by a case I read recently and a question I came across on a Facebook group page. Essentially, they dealt with the strategy and consequences of handling money with a business partner and setting up a joint bank account for the purposes of a production. The case I read ...