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Mastering Corporate Structures for Media Professionals

Learn about various corporate structures from a seasoned media expert. Control, risks, and profits explained. A comprehensive guide to financial planning and negotiation skills. Contact Vin Crosbie for more information.

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Mastering Corporate Structures for Media Professionals

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  1. This PresentationisBrought to You By

  2. Who is this Character? Who is this Character? his Bona fides?

  3. No paychecks No salary No unemployment checks No regular or steady income no boss 1996 to 2007

  4. ASNE, RTNDA, NAA, E&P, Folio, RTND, NAB, Folio Comdex Publishing program chairman Seybold Publishing Strategies Conference Beyond the Printed Word (WAN, Ifra, FIPP) 5th Generation Newspaperman 3 Dailies as reporter Man. editor, G.M., & Publisher 15 Years as UPI andReuters News Executive News Corp. Director of New Media Professor&Senior consultanton New Media Syracuse University

  5. Sole Proprietorship Partnership Corporation Sub-S Corporation Not-for-Profit Company Limited Liability Partnership Limited Liability Corporation

  6. Sole Proprietorship You Control Everything You Risk Everything All Expenses are Personal All Profits are Personally Taxable

  7. Partnership You Might Jointly Control Everything You Might Jointly Risk Everything All Expenses are Jointly Personal All Profits are Personally Taxable

  8. Corporation Corporate Governance of the Company Limited Liability Corporate Expenses Corporate Taxes, not Personal Taxes

  9. Subsection ‘S’ Corporation Corporate Governance of the Company Limited Liability Corporate Expenses All Taxes Are Personal

  10. Not for Profit Company Corporate Governance with Strict Regulations Limited Liability Corporate Expenses No Profit = No Taxes

  11. Limited Liability Company Limited Liability Partnership Limited Liability Corporate Expenses All Profits are Personally Taxable

  12. Who Controls the Funds? Who Gets the Profits?How? (Shares? Percentages?)When? Who Fronts Expenses?

  13. How Well Do You Work Together? Who Does What Work? Who Does Work? Who Can Leave? Who Can Die?

  14. Employees Hiring & Firing? Benefits? Withholdings & Social Security? Liability & Insurance?

  15. Vendor Negotiations& Contracts How Well Can You Negotiate? Know Contract Language?you arethe fine print

  16. Budgets Financial Planning Contingency Planning

  17. Know Where You Are Financial Statements are actually Maps Snapshots of progress & direction

  18. Vin Crosbie Digital Deliverance LLC crosbie@well.com or vin@digitaldeliverance.com

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