Category Archives: Running a Company

Inspirefest – A tech conference with a difference.

  I came across this unusual conference quite by accident on a friend’s Twitter feed last year. My biggest problem has always been the fact that I want to do everything, learn how to work anything, especially anything techy. Well … Continue reading

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Unemployed and Setting Up a Company?

Did you know that there are special schemes available to unemployed people wanting to set up their own business, including production companies? If you are unemployed and want to set up a production company, your first port of call should … Continue reading

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Revenue Website

Firstly, do you need to set up your own production company?

If you’re a group of friends working together voluntarily with little or no money involved and you are using your own home and camera to shoot a short film, chances are you don’t need one.

If however, you’re employing people i.e. paying them, renting equipment and hiring professional actors then it is a worthwhile facility to consider using. But, it is work. A lot of work in fact, with plenty of penalties if you don’t keep up with the paperwork. So, only something to consider for people who see a long term, financially viable future for themselves in the film industry.

Before you jump…

Before you set up a production company (the mechanics of which are discussed below), the first thing you should do is spend at least a few days in another production company, learning how everything works day-to-day. Every successful production company uses the same ingredients as other successful businesses, a solid business plan, good market research and organized, talented people. 

Realise that film is a business and a production company is a business like any other. If you or your partner do not have any business acumen and don’t find the prospect of being a business manager appealing then don’t set up a production company. It will eat up your valuable directing, writing, camera operating time. Instead, work as a freelancer/self-employed person. Although you’ll still have to manage your own books, there’ll be less business work to eat up your time.

Where is your income going to come from?

It’s not enough to say, I’ll apply to the Film Board for money. They give their annual allowance to a small proportion of the companies that apply each year. Those with that year’s strongest projects and with the most experienced teams.

Investigate all sources of potential revenue and find out which you are particularly eligible for e.g. regional funds, minority bursaries etc.

It’s important to the realistic. If you’re just out of college and have no professional contacts or experience it’s unlikely that setting up a production company is a good idea. It would probably be a better use of time to get an intern position at a busy production company and learn how things work in the industry first.

Difficulties involved in running a production company

Setting up the Company

After all the negatives, if you’re still set on setting up your own company, here’s how:

1. Register with Revenue 

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