For those of us involved in profit participation, either as talent (actors, directors, producers, creators and/or investors) or representatives thereof (lawyers, business managers, agents and/or auditors), the concept of “Breakeven(s)” is becoming ubiquitous at all major motion picture and television studios for profit participation reporting. You may be asking yourse [...]

The California Craft Brewer’s Association Conference (CCBA) is a chance for brewers and industry professionals from all over the state to attend workshops and seminars focused on the craft beer industry. This year’s conference was located at the Weston Hotel in beautiful downtown Long Beach, and I arrived at the show hoping for a better look into the industry and thos [...]

By: Diane Hernandez The record-setting stock market performance and increase in housing prices has enabled the United States economy to grow largely in recent years. This underlying trend, and an increase in a much larger diverse and intellectual population, has given rise to the financial health of philanthropists. Charity Navigator is currently one of the larges [...]

And by: Rick Weis It has been just over a month since the Natural Products Expo West, which has given us time to reflect and, more importantly, to recover. If you have never been to the expo, we highly recommend it. With more than 3,000 exhibitors (including more than 600 first time exhibitors) and 77,000-plus attendees, walking through the endless aisles can be over [...]

Ten years ago, no one would have thought we’d be looking at an industry where streaming video is poised to become the dominant distribution channel for television and video; multi-channel networks drive a huge percentage of content creation, people use their cell phones to consume enormous amounts of content and there are virtually no international borders for distrib [...]

Perhaps in response to the increased discussions that U.S. is becoming a potential tax haven and the continued pursuit of transparency by the government, the Treasury announced on March 30 that it will be issuing proposed regulations to expand on Section 6038A. Certain states allow formation of limited liability companies without disclosure o [...]

Many food and beverage companies are overlooking potential tax savings, thinking that their activities do not qualify for these opportunities. Based on our experience working with clients in this industry, GHJ has identified a number of potential strategies you should consider. We have kept the information at a high level to stimulate conversation and to avoid too tec [...]

By: Jason Booth For years now an ongoing debate has taken place on Capitol Hill about U.S. international tax policy reform. member at 35 percent) as well as improving our worldwide tax system’s “competitiveness” (compared to nearly all other OECD members’ territorial tax system). However, the purpose of this article is to not discuss the latest in politics on Capitol [...]

On March 16, 2016, U.K. Chancellor George Osborne presented the first Spring Budget of the U.K. Parliament with some significant changes that may affect U.S.-based companies with operations in the U.K. (as well as U.K.-based companies with operations in the U.S.) and individuals with both U.S. and U.K. ties (e.g., U.S. citizenship but U.K. residency, etc.).The signifi [...]

I recently came across a great paper written by Mark Weinstein in January 1998 in the University of Chicago Journal of Legal Studies, entitled “Profit-Sharing Contracts in Hollywood: Evolution and Analysis.” If you are in the profit participation business, this is a must read! What caught my eye was the discussion of the history of profit participation. Here are some [...]