Overview
Follow these steps to start your own theatre company:
- Plan your Theatre Company.
- Form your Theatre Company into a Legal Entity.
- Register your Theatre Company for Taxes.
- Open a Business Bank Account & Credit Card.
- Set up Accounting for your Theatre Company.
- Get the Necessary Permits & Licenses for your Theatre Company.
Planning and Funding
When starting your theatre company, contemplate the artistic and business sides, from funding to engaging an audience:
- Producer Koko Brown offers tips for Arts Council England funding applications.
- Renovating your facility can make it more appealing and draw in guests.
Legal and Financial Considerations
Understand the documentation and permits required to start and run your theatre company successfully:
- Documentation can vary by state and county, but generally includes a business license, an assumed name certificate, and an employer identification number.
- Consider incorporation types, like Company Ltd by Guarantee or Private Company Ltd by Shares, to protect personal assets and attract funding.
Conclusion: Starting a Theatre Company
Starting a theatre company involves both creative vision and practical business skills. By following the guidance above, you can launch a successful theatre company that brings people together and contributes to the cultural landscape.