The Corporate Transparency Act” (CTA) took effect January 1, 2024. Despite the name it has broad implications for individual clients, their businesses, their holdings and their advisors. The CTA is meant to pull back the curtain and shine a spotlight on beneficial ownership of client assets. In some cases reporting obligations extend to their professional advisors as well. This session will discus the CTA. Identify who the CTA applies to, what must be done to comply and when action needs to be taken to comply, and considerations and suggestions for advisors and clients to act to insure compliance.

Discover proactive strategies to avoid cyber threats, effective response protocols if impacted, and best practices for communicating with clients. Gain insights into handling ransom situations, navigating insurance claims, and ensuring comprehensive coverage for potential breaches, empowering you to protect your organization and clients from cyber risks. 

This session will cover the changing ways that Hollywood and the entertainment industry are using artificial intelligence (AI), including new tools actors, screenwriters, and musicians are leveraging to generate content and protect their works, as well as recent laws and regulations that are shifting the legal landscape around AI, including the EU AI Act and Colorado and Utah’s new generative AI laws. Join industry experts to discuss AI governance, IP litigation, emerging state laws, music, contract terms, and ways you can protect your business and inform clients of your use of AI.  

Explore strategies for rescheduled projects and navigating changes in studio and streamer production activity. Gain insights into diversifying revenue streams, adapting participation models, and leveraging success from streaming to enhance financial stability. 

Explore ancillary issues surrounding Name, Image, and Likeness (NIL) deals. From tax treatment considerations for college athletes to entity selection and ownership issues, we'll delve into the complexities of NIL agreements. Gain insights into the sustainability of this model and strategies for athletes to maximize deductions and endorsement opportunities, ensuring comprehensive understanding and effective decision-making in this evolving landscape. 

Review the do’s and don’ts when dealing with independent sales agents, weigh the pros and cons of attorney's fees, and gain insights into key contract considerations. Discover strategies to become a secure creditor and explore remedies to mitigate risks, empowering you to navigate complex legal landscapes effectively in the entertainment industry. 

This session offers a comprehensive tax update covering domestic and international considerations, EDD and payroll taxes, and compliance nuances when hiring artists from out of state. Explore the impact of AB5 and learn about essential audit considerations and tax techniques for Name, Image, Likeness (NIL) deals. Gain invaluable insights to navigate complex tax landscapes effectively, ensuring compliance and optimizing financial strategies for your entertainment ventures.