Exploiting Hollywood 1980

  Chapter 122 Registered Company

   "You'd better register a corporate entity, Ronald." Darcy Maguire suggested to Ronald over a drink in the bar next to the company.

"Originally, we BBDO hired you to provide directing services this time, but now you have provided directing, shooting, casting, post-production, and a series of services, so it is more convenient to have a company, and it will also be more convenient for you to be like Lei in the future. More advertising business like Deli Scott."

   Darcy took two glasses of Pina Colada brought by the bartender and handed one to Ronald.

   "Cheers!" Ronald took a sip of Pina Colada, a cocktail that has suddenly become popular in New York recently. "I'll let my lawyer do it."

   "Finally passed the first hurdle and reached the step of field market testing." Darcy Maguire sighed, "Being a professional woman has to overcome many additional difficulties. Do you think we will win?"

"Of course, why are you asking that?" Ronald laughed. "Didn't you see those secretaries remember our ad at the end? When they go to the supermarket to buy gum, they buy whichever brand they can remember. ."

   "I'll keep an eye on Dan, they can play a lot of tricks in supermarkets and grocery stores. With your ad this time, I'll definitely beat him hard."

  …

"Where you are going to register the company, you will pay the tax. So I suggest that you register the studio for the production of this commercial film and television in Manhattan. The profit of this kind of production company will not be too high, and the tax payment is to obtain social services. The basics.

  If most of your advertising business is filmed in Manhattan, those taxes are a guarantee that you will be treated fairly by law and local agencies in the future. "

   This kind of production company, just like the private lawyer Lindsay Dole on the opposite side said, will not have high profits, and more importantly, it is a platform that can receive business on the one hand, and expand contacts on the other hand. Ronald followed his good graces and decided to register in New York.

   "What do you want your company to be called?" asked lawyer Lindsay Dole.

   "Let's call it Ronald Lee Film and Television Advertising Production Company." Ronald decided to follow the American tradition and use his own name to register the company name, so that others would know whose company it was.

   "The current federal income tax and state tax, based on your annual income, the highest part is about 30%-50%. You have to find an accountant to handle these matters."

   Lindsay Dole put away the company's information and reminded Ronald, "Do you need me to introduce you to one?"

"With such an expensive income tax, didn't I work for the federal and state governments for nothing?" Ronald complained to the IRS again in his heart. The current annual income is relatively high, and it is no longer suitable for flying in places where the radar can't be seen like in Los Angeles at that time. . If you don't handle your taxes well, you might end up going bankrupt by the IRS next year.

   I wanted to go to Club 54, which I didn’t get into before. Because one of the owners talked nonsense during an interview, I had millions of income every week, and now I am caught in the IRS investigation. The New York City government also revoked their alcoholic beverage licenses and had to do the kind of temporary licenses that weddings use every day.

  In America, you can make a high profile publicity, but you will be targeted by the IRS if you show off your wealth everywhere.

   "Okay, give me the phone number of your candidate and I'll see you later." Ronald started planning his advertising business.

   "How's your leg warmer business going?" Lindsay sipped Pina Colada while sorting out the information. Ronald thought that the bar he went to with Darcy last night was a good one, and he was here to talk with the lady lawyer today.

   "Not bad, my aunt and Teresa Kate are doing a good job on Staten Island." Ronald also took a sip of his cocktail and said, "How is my patent application?"

   "According to the usual process, it will take another 10 months. If you want to speed up, I can switch to a fast-track application, so that next year... around the end of February, I can get a patent."

Ronald counted the time, "Then help me convert it to a fast-track application. Aunt Karen said that Teresa plans to come to the dance school in Manhattan to try to sell. If this is the case, it will be very disadvantageous if there is no patent, imitating pirated copies. It'll be out soon."

  "I still have to go to a hearing of a criminal case", the lawyer lady stuffed the materials into her bag, picked up a sandwich, said goodbye to Ronald, and hurried to the nearby court.

  …

"I plan to go to the Academy of Performing Arts to sell first, and then after forming a certain stable customer group, I will recruit workers to professionally produce, get rid of the current state of piecework, and after making profits, we can open a monopoly in Midtown Manhattan. shop."

  Tereza Catella came to her husband David, and they were talking to Ronald about her business plan.

   "What do you think? Ronald, can you license your patent to us?"

   "What do you think, David?" Ronald turned to David for his opinion.

   "Teresa can represent the two of us", said David looking at Tereza lovingly.

  David works in the old Douglas cable factory, and Teresa is his high school girlfriend. The two parted ways after high school. David went to work in the factory, and Teresa went to Manhattan.

  David is an ethnic minority, descended from immigrants from Armenia, and it is not easy to find a wife at the southern end of Staten Island, but relying on honesty and hard work, he saved a little money, and just paid the down payment to buy a small house.

The    house was also developed by the Douglas family.

   It happened that his high school girlfriend came back from Manhattan, and the two rekindled their old love and got married soon after.

  Ronald sees David as a worker who can save a family business and get a wife back from Manhattan. He is not as honest as he looks. Armenians are also famous for being good at business, so he should have thought about the whole business.

   On the contrary, he met Trisha Kate on the ferry. Although she worked hard in Manhattan for ten years, she was looking at other people's business on the report and had no practical experience. Although her vision is very broad, she may have come up with the idea that this leg warmer is sold to the high school of performing arts.

   "I can agree to your conditions and authorize the leg warmer business to you, but I have a few conditions."

   "Okay, you said, Ronald." Teresa Kate put on her glasses, took out her notebook and began to record.

   "First, my aunt Karen must have a stake."

   "That's fine, we were going to get your Aunt Kate to do it together. She's very talented in weaving, and she invented some of the styles we're selling now."

   Ronald nodded. He also wanted to use this business to help his aunt improve her current life.

"Second, on Staten Island, I didn't charge you licensing fees, but in Manhattan, the market is huge, and I have to charge for licensing. If you start a business in Manhattan, the Staten Island distribution must be given to Aunt Kate. ."

   "Very reasonable, there is no problem. We will give you the patent licensing fee based on the market price."

  "Third", Ronald looked at David, "I believe in David's vision, this business must have David's share, and he must be involved in the operation."

   "Why, don't you believe in my ability?" Teresa Kate still didn't say a word, did Ronald have to talk business with her husband because she was a woman.

   "Of course not. I believe in your marketing ability, Tereza, but I also believe in David's vision. His ability to marry you proves his vision and ability."

   "Yes, he loves me very much." Tereza looked at David lovingly. It was not long before the two got married, and it was the stage of deep affection.

"But I still have to work in a cable factory. We can't both have a fixed income, dear." David is still very awake. Maybe his family education has taught him the importance of planning money early, and he doesn't want to get married. Assets are risked in a business.

"Actually, David can organize production on Staten Island part-time." The more Ronald looked at David, the more he admired him. He was a man who had clear thoughts about his future. "The leg warmers can only be sold to dance students, and they bought After one or two pieces, it will be difficult to add more, so our production capacity in Staten Island should be sufficient in the short term."

"We can also find little Bud's mother," Aunt Karen listened for a long time, and finally found a chance to interject, "Black women in the Bronx are very good at knitting, and we can also include them in the scope of piecework. , as long as little Bard's mother is responsible for checking the quality, the families of our veterans are very responsible."

   "Then how do we calculate our respective shares?" Trisha Kate was worthy of being from Wall Street, and quickly thought of the issue of property rights.

  Ronald thought for a while and discussed with Aunt Karen, "Our current scale is not large, so we might as well calculate this first. My aunt Karen is in charge of production coordination, and David helps her with quality inspection.

  We supply it at wholesale prices to Tereza, who employs one of Bud's sisters to market it to the students. Except for a fixed royalty per piece, profits from the retail portion go to Trisha and David. "

  In this way, the Ronald family and the David family have their own priorities, and they also have their own people in the business that the other is responsible for. In the early days, when the sales volume was not large, the two sides would cooperate well.

   "If you think it's okay, we'll do it this way." Ronald held out his hand.

  Teresa looked at David, David nodded slightly, and the two shook hands to finalize the cooperation.

   Aunt Karen made dinner at home for Teresa and David. Ronald drove to Totterville Middle School to pick up Donna from school.

  …

   "Donna", Ronald waved to Donna.

   "Ronnie, you're here." Donna was very happy and got into Aunt Karen's Volkswagen SUV. Ronald came to pick Donna up from school. "Goodbye," Donna rolled down the window and said goodbye to her classmates.

   "Who is he?" asked two female classmates.

   "It's my cousin Ronald. He also played 'High School of Rock', have you seen it? He was the one who proposed in that phone booth."

   (end of this chapter)