IndieGoGo - Tax-Deductible Contributions until 5/1/11
Hello all,
Just giving an update of what's going on in the world of "11:11". Recently, I was able to transfer the Kickstarter funds into the Kissin' Cousins Productions bank account. This is great news because I was then able to afford to meet with a lawyer to finally form my company into an official LLC with a subsidiary LLC for the film itself. Within the next two weeks, I will formally own...
Kissin' Cousins Productions LLC with a subsidiary company of Eleven Eleven Productions LLC. The Eleven Eleven Productions LLC will essentially be for "11:11" and all funding will be transferred to this account to further ensure the security of my Kissin' Cousins Productions LLC just in case the film does not pan out as intended...don't think this will happen! We will succeed in raising and spending all of our money without going over:)
As of a few weeks ago, "11:11" was approved for a Fiscal Sponsorship from the organization called Fractured Atlas. This is a support organization for independent filmmakers in which when approved, all contributions go through IndieGoGo which partners with Fractured Atlas and are TAX-DEDUCTIBLE! This is a huge incentive to investors! We have increased our goal by 5x the last... with the intention of raising $55,555 on IndieGoGo by the deadline of May 1, 2011. The great thing about doing IndieGoGo through Fractured Atlas is that we will be able to withdraw contributions as they come in without taking away from our end goal. Meaning, if we need the funding we have on IndieGoGo right now, we can withdraw it on an as needed basis! Here is the link in which YOU can make your tax-deductible contribution... http://igg.me/p/15809?a=44312&i=shlk Forwarding this link on to at least 11 other people and having them do the same is a huge help in spreading the word, so if you have the time to pass it on we would be sincerely grateful!
Right now, we have a little less than $11,000 in the "11:11" fund and $1,400 standing by on the IndieGoGo campaign. Our plan as of the moment is to shoot the exterior driving scenes at the end of February or early March when the trees are still dead with the funds that we have. From there, we will have several sample reels of footage that will be included in the film with the hopes that potential investors will like what they see and will contribute more substantial amounts of money.
Our overall goal is to raise at least $250,000 so we can qualify for the NC Film Tax Incentive. This is a lofty goal, but a low amount in the grand scheme of feature filmmaking budgets. Regardless of whether or not we 'reach the stars', the film will be made! However, it will become increasingly difficult to pull off a large production such as this for a minimal amount of money. Our main mission is to pay the crew reasonable wages for their time and to be able to afford camera, dolly and crane rentals. Not to mention, special effects, lighting, cast pay, food, etc.... There are a lot of 'hidden' costs when it comes to filmmaking that many people don't realize unless you work in the business. So, any and all contributions are greatly appreciated!
If you have any questions whatsoever, please contact me via email at 1111kissincousins@gmail.com Thank you for your help, time and support! xo, meg
Just giving an update of what's going on in the world of "11:11". Recently, I was able to transfer the Kickstarter funds into the Kissin' Cousins Productions bank account. This is great news because I was then able to afford to meet with a lawyer to finally form my company into an official LLC with a subsidiary LLC for the film itself. Within the next two weeks, I will formally own...
Kissin' Cousins Productions LLC with a subsidiary company of Eleven Eleven Productions LLC. The Eleven Eleven Productions LLC will essentially be for "11:11" and all funding will be transferred to this account to further ensure the security of my Kissin' Cousins Productions LLC just in case the film does not pan out as intended...don't think this will happen! We will succeed in raising and spending all of our money without going over:)
As of a few weeks ago, "11:11" was approved for a Fiscal Sponsorship from the organization called Fractured Atlas. This is a support organization for independent filmmakers in which when approved, all contributions go through IndieGoGo which partners with Fractured Atlas and are TAX-DEDUCTIBLE! This is a huge incentive to investors! We have increased our goal by 5x the last... with the intention of raising $55,555 on IndieGoGo by the deadline of May 1, 2011. The great thing about doing IndieGoGo through Fractured Atlas is that we will be able to withdraw contributions as they come in without taking away from our end goal. Meaning, if we need the funding we have on IndieGoGo right now, we can withdraw it on an as needed basis! Here is the link in which YOU can make your tax-deductible contribution... http://igg.me/p/15809?a=44312&i=shlk Forwarding this link on to at least 11 other people and having them do the same is a huge help in spreading the word, so if you have the time to pass it on we would be sincerely grateful!
Right now, we have a little less than $11,000 in the "11:11" fund and $1,400 standing by on the IndieGoGo campaign. Our plan as of the moment is to shoot the exterior driving scenes at the end of February or early March when the trees are still dead with the funds that we have. From there, we will have several sample reels of footage that will be included in the film with the hopes that potential investors will like what they see and will contribute more substantial amounts of money.
Our overall goal is to raise at least $250,000 so we can qualify for the NC Film Tax Incentive. This is a lofty goal, but a low amount in the grand scheme of feature filmmaking budgets. Regardless of whether or not we 'reach the stars', the film will be made! However, it will become increasingly difficult to pull off a large production such as this for a minimal amount of money. Our main mission is to pay the crew reasonable wages for their time and to be able to afford camera, dolly and crane rentals. Not to mention, special effects, lighting, cast pay, food, etc.... There are a lot of 'hidden' costs when it comes to filmmaking that many people don't realize unless you work in the business. So, any and all contributions are greatly appreciated!
If you have any questions whatsoever, please contact me via email at 1111kissincousins@gmail.com Thank you for your help, time and support! xo, meg
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