Closing the Old LLC

I'm filing the papers tomorrow to close the LLC we had opened for the production of our previous film. Luckily, it appears to be a pretty simple procedure: file a form, cut the state a check for $100, and you're done.

It's somewhat of a bittersweet experience. We opened the LLC in September of 2005 with no idea what we were doing. By November 2005, we were shooting. We kept the LLC open this long in hopes of collecting some or all of the foreign distribution revenues we were owed (long story). Luckily, we were able to collect some of those revenues this past summer. That said, it's expensive to keep the LLC open every year, and a pain in the ass to file the yearly tax returns, so it's time to quit while we're ahead, say "lesson learned" and move on to bigger and better things.

I also want to close the LLC before 2010 because we are planning on opening a new one for Nitecrawlers, the process of which I will detail in this blog when the time comes. All this business stuff gives me a headache...I just want to get the cameras rolling again, but it's a serious and necessary part of being an independent filmmaker.

- K