a non-profit?!

so this will be brief, but i want to share it now that we’ve all had a little time to think about it. about a week or so ago, pawel had the idea that it might be smart to establish superfreako productions as a non-profit. my initial reaction was “hell no! i wanna make money!”, but then the more i thought about it, the more i liked it.

if our true intentions are to help create a healthy middle class of independent filmmakers – and if we’re actually serious about that purpose – then what could possibly prove the authenticity of our motivations better than making the production company a non-profit. the simplest kind of non-profit (i believe) is basically just like any other kind of company except there are no share-holders – which simply means that dividends aren’t paid out. instead, all profit that the company itself makes is cycled back into the company – allowing it to improve its services, facilities and equipment – and to perhaps allow it to afford more and better staff.

this by no means, is to say that the projects themselves also have to be non-profits (at least that’s my understanding at the moment). each different piece could and should still be set up as a separate limited liability company, and as many of the cast and crew as possible could be stakeholders of sorts in this company. in a perfect world, superfreako productions would have the capacity to manage the income for this LLC too and to facilitate the payment of stakeholders if that’s how the company principals would like things managed.

there’s a ton of research yet to do on this subject, but like i said: the more i think about this little idear, the more i like it. what do you think of it?

so this will be brief, but i want to share it now that we’ve all had a little time to think about it. about a week or so ago, pawel had the idea that it might be smart to establish superfreako productions as a non-profit. my initial reaction was “hell no! i wanna make money!”, but then the more i thought about it, the more i liked it.
if our true intentions are to help create a healthy middle class of independent filmmakers – and if we’re actually serious about that purpose – then what could possibly prove the authenticity of our motivations better than making the production company a non-profit. the simplest kind of non-profit (i believe) is basically just like any other kind of company except there are no share-holders – which simply means that dividends aren’t paid out. instead, all profit that the company itself makes is cycled back into the company – allowing it to improve its services, facilities and equipment – and to perhaps allow it to afford more and better staff.

this by no means, is to say that the projects themselves also have to be non-profits (at least that’s my understanding at the moment). each different piece could and should still be set up as a separate limited liability company, and as many of the cast and crew as possible could be stakeholders of sorts in this company. in a perfect world, superfreako productions would have the capacity to manage the income for this LLC too and to facilitate the payment of stakeholders if that’s how the company principals would like things managed.

there’s a ton of research yet to do on this subject, but like i said: the more i think about this little idear, the more i like it. what do you think of it?

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