So last week I made an off-hand remark to a friend about really needing to get an LLC (Limited Liability Company) going. It had been mentioned on an episode of the Double Down Film Show podcast, and I'd looked into it briefly, but assumed it was intimidatingly technical, and was therefor procrastinating.
Intimidatingly technical? Not so, said my friend. He'd actually created one himself before, and knew all the ins and outs for filing the two simple forms NH state law requires for this.
So before I knew what was happening, I was filling out the forms and mailing them. And on Saturday, the confirmation came in the mail. And just like that, T-Cat Productions, LLC was a reality.
Other than making one feel cool and official, and preventing people from suing you directly over anything that happens during film production, LLC status allows you to claim expenses incurred during your project as business losses (i.e., they are tax deductible). Naturally your profits will also be subject to taxing, but given that I am 100% confident I will have expenses, and somewhat less certain about seeing a profit...sounds good to me! Since I've decided not to seek external funding or grants, this is the next best thing.
As for where the name "T-Cat" came from, it has a long and illustrious history. It all started with my cat, Toes, who was often referred to as T-Cat (by me). When I first started playing Rock Band, I named my character T-Cat because of that. She was all attitude and high-up pigtails, and her aviator sunglasses completed the look. My daughter LOVES T-Cat, when she wears sunglasses she says she's T-Cat, and when she wants her hair in pigtails, she asks us for "T-Cat hair." T-Cat the Rock Band star has become a legend in our house.
The original T-Cat, Toes, has recently been diagnosed with mouth cancer, and she won't be around for much longer. That pretty much sealed the deal. T-Cat Productions. What else was I gonna call it?