Hi --
I've set up an LLC for my production company, but would like to finance my moderately priced short film through a seperate entity. I've been putting together a Limited Partnership for this, but it appears from the Limited Partnership Agreement I have that all partners need to be residents of the same state. Is this accurate? My investors are friends and family from all over the US. Does this mean I need to start another LLC for this short film?
Also, is it possible to have a "project specific" investment plan within my LLC or would investment into the LLC represent equity in the LLC and not just the project?
Any and all help appreciated!
I've set up an LLC for my production company, but would like to finance my moderately priced short film through a seperate entity. I've been putting together a Limited Partnership for this, but it appears from the Limited Partnership Agreement I have that all partners need to be residents of the same state. Is this accurate? My investors are friends and family from all over the US. Does this mean I need to start another LLC for this short film?
Also, is it possible to have a "project specific" investment plan within my LLC or would investment into the LLC represent equity in the LLC and not just the project?
Any and all help appreciated!