ABSTRACT
To create our company and get our business up and running, we will need to work with several different types of professionals: attorneys, accountants, and insurance agents and brokers. One of the first things we should do is establish a relationship with a good entertainment attorney, preferably one with experience in setting up businesses. An escrow account is a bank account set up for a special purpose, such as holding an actor's or director's salary. Most attorneys either charge by the hour or as a percentage of the final film budget. A film's production budget is often separated into three broad categories: above-the-line, below-the-line, and other expenses. Productions require several different types of insurance. Establish a good working relationship early on with an insurance broker or agent who is experienced in the film industry.
