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FORUMS Post Processing, Marketing & Presenting Photos The Business of Photography 
Thread started 20 Jun 2016 (Monday) 18:19
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New Here! Can really use some advice

 
RollSolo
Hatchling
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Joined Jun 2016
     
Jun 20, 2016 18:19 |  #1

Hey all!

New to the forums but have in and out of here for quite some time. Little bit about me. I'm a media artist, cyclist and adventurer at heart. I started a lifestyle company around cycling and my friend who I've known for several years who also cycles wanted to be apart of it, so we began to work together. We produce short films, blogs around our riding and lifestyle on/off the bike. We recently attended a film festival for a film we produced that was being screened. We connected with a company that wants us to produce a short 40 second spot around their new products the created.

We can do the job. However, I have no idea how to go about setting up a proper contract, proposal etc. If anyone can help out, chime in with any leads I would greatly appreciate it. We also do not have a business license so we would be doing things as we normally would film our stuff which is what they want to hire us for anyway.




  
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Bassat
"I am still in my underwear."
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Jun 20, 2016 19:09 |  #2

Can't help with anything business or video. But welcome to POTN, great community.




  
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Scott ­ Spellman
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Jun 20, 2016 20:56 |  #3

You can go ahead and create films and cash checks without contracts or a business license, which is essentially how you are now. You will miss the protections and guarantees of doing business with full contracts and business licensing, but it is certainly possible and most realistic for small operations. You will need to consult with real lawyers and accountants to get the full protection of contracts, business licensing, properly setup accounts and tax IDs, etc-but this will also require an investment of $300-500. Not using a real lawyer and trying to put together your own legal documents can cause as much risk as not having one at all.

For most startup businesses, I recommend they only invest in theses startup time and fees when they project more than $2500 in income in a partnership or $5000 as an individual.

It is not a bad idea for your early projects to partner up with another established video person or company who can give you good advice on proposals, contracts, pricing, etc. It is worth giving up some portion of the income of a project to do it right. When there is a solid budget and a reasonable cut, a more experienced professional should be willing to work with you as a business opportunity.




  
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OhLook
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Location: California: SF Bay Area
     
Jun 20, 2016 22:02 |  #4

Scott Spellman wrote in post #18045352 (external link)
You can go ahead and create films and cash checks without contracts or a business license, which is essentially how you are now.

To be on the safe side, look up your locale's rules about licensing. My city's government requires a business license and payment of tax on all self-employment income. (There is now an exception for very small amounts, but you still have to file.) One year, thousands of people here were charged all at once for back tax, interest, and penalties, including those who had incidental income and didn't think of themselves as business owners.


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jmweb
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Jun 20, 2016 22:03 |  #5

Welcome to POTN! Perhaps ask your friend if he has any experience?




  
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RollSolo
THREAD ­ STARTER
Hatchling
2 posts
Joined Jun 2016
     
Jun 21, 2016 05:37 |  #6

Wow this is awesome! Thank you all for chiming in. I have the Ethical Guidelines of Pricing book which has mock templates for a Master Service Agreements. I modified it based on what we need to do. It covers things like change orders, deliverables, compensation, confidentiality, etc. Would this be the proper way of going about this? After this I am in the process of writing up my SOW (Statement of Work) which will include a brief storyboard of what we plan to capture, equipment and our budget for this project. I wish my partner had experience with this. I'm the only one who sorta knows how to handle the contract side of things. He's good at the talking.




  
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New Here! Can really use some advice
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