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Post by geb on May 25, 2019 3:05:58 GMT -5
In today's 5/24 broadcast of World's Got Talent, a very brief image of Jackie was shown at 72:15. David Foster also gave the Golden Buzzer to the Spanish Got Talent winner Cristina Ramos. Cristina also sang on AGT Champions show and ended up being number 4 on that show that was won by Shin Lim. David also said that he was going to introduce her to Andrea Bocelli. They ended up having 3 people go through with Cristina straight through to the finals. That would be 12 to the semi-finals so far. ------------------------------------------------------------------------------ Since the China World Got Talent show supposedly was to be for 13 episodes, and we have had 6 broadcast so far, that leaves 7 more episodes. The finals is one of these 7 episodes. The previews for next week is still preliminaries. That would suggest that there are 3 more weeks of preliminaries. That gives a total of at least 18 semi-finalists. That would suggest that there will be 3 semi-finalists shows with six acts each show. We know the semi-finals shows have already been filmed. What we do not know is if the finals show was also filmed, or if it is to be a live show. A scenario is to have 2 from each semi-final show plus 4 golden buzzers for a total of 10 acts. This is what happened with AGT Champions 2019. And it seems to be a common format to have 10 acts in the finals for a Got Talent show. Obviously there are other possible combinations to get to a finals show and still have 13 total shows. In any case, we know that Jackie performed in at least the semi-finals. Beyond that we have no further information. So here is one possible date list for the remaining shows to add up to 13 total shows: May 31: Preliminary #7 Jun 7: Preliminary #8 Jun 14: Preliminary #9 Jun 21: Semi-final #1 Jun 28: Semi-final #2 Jul 5: Semi-final #3 Jul 12: Finals We know that Jackie has a concert in Pittsburgh this coming May 31st. We know that Jackie has a show in New York City this coming June 11th. The next presently scheduled concert is scheduled for Phoenix this coming October 5th. We know that the Evancho family historically takes July off for a family vacation(s). So, if Jackie has gotten through to the finals (which she knows) and the show is yet to be filmed, this could happen in June given the presently known performance schedule for Jackie. If the finals are to be live, Jackie would either have to interrupt the traditional Evancho family vacation in the US (if they are going to still do one this year), or the vacation this year would be held in Hawaii or Japan or Korea or China or India or other places around Asia so Jackie could easily perform in a live finals show probably occurring in mid-July. In any case, we have August and September void of any concerts. That can mean lots of things all of which are unknown. Note that this lack of concerts to support a spring released album is not unusual for Jackie. For example, the Two Hearts album was released on March 31, 2017. The first tour dates occurred May 19th and 20th. The next occurred June 7th. It was not until September 8th and 9th that the next Two Hearts concert occurred. And then it was not until November 3rd and 4th that the next concerts happened after the two September concerts. There were 38 concerts for the Two Hearts album. Loosely speaking, the present The Debut album concert schedule is a similar pattern as the Two Hearts album actual concert schedule. So far Jackie has only had/scheduled 13 concerts in support of The Debut album where two are at Feinstein's/54 Below which is a tiny venue. Time will tell what will happen. ------------------------------------------------------------------------------ INTERESTING SIDE NOTE: www.celebritytalent.net/sampletalent/3557/jackie-evancho/According to this booking agent, Jackie's minimum fee for a US engagement is $75,000 to $150,000. That would mean that the gross fees Jackie received for the Two Hearts album concert tour was in the range of $2.85 to $5.70 million dollars. Either number is not too shabby. To put this in perspective, Andrea Bocelli's minimum fee for a US engagement is $500,000 to $1 million while his son Matteo Bocelli is $25,000 to $39,999. So, a 38 performance tour for Andrea in the US would generate a minimum of $19 million to $38 million for him. Not too bad a payday. David Foster's minimum fees are listed as being $300,000 to $499,000. So a 38 engagement tour in the US for him gets $11.4 to $18.962 million. Boy, was I in the wrong business.
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Post by ursus on May 25, 2019 4:26:53 GMT -5
In today's 5/24 broadcast of World's Got Talent, a very brief image of Jackie was shown at 72:15. David Foster also gave the Golden Buzzer to the Spanish Got Talent winner Cristina Ramos. Cristina also sang on AGT Champions show and ended up being number 4 on that show that was won by Shin Lim. David also said that he was going to introduce her to Andrea Bocelli. They ended up having 3 people go through with Cristina straight through to the finals. That would be 12 to the semi-finals so far. ------------------------------------------------------------------------------ Since the China World Got Talent show supposedly was to be for 13 episodes, and we have had 6 broadcast so far, that leaves 7 more episodes. The finals is one of these 7 episodes. The previews for next week is still preliminaries. That would suggest that there are 3 more weeks of preliminaries. That gives a total of at least 18 semi-finalists. That would suggest that there will be 3 semi-finalists shows with six acts each show. We know the semi-finals shows have already been filmed. What we do not know is if the finals show was also filmed, or if it is to be a live show. A scenario is to have 2 from each semi-final show plus 4 golden buzzers for a total of 10 acts. This is what happened with AGT Champions 2019. And it seems to be a common format to have 10 acts in the finals for a Got Talent show. Obviously there are other possible combinations to get to a finals show and still have 13 total shows. In any case, we know that Jackie performed in at least the semi-finals. Beyond that we have no further information. So here is one possible date list for the remaining shows to add up to 13 total shows: May 31: Preliminary #7 Jun 7: Preliminary #8 Jun 14: Preliminary #9 Jun 21: Semi-final #1 Jun 28: Semi-final #2 Jul 5: Semi-final #3 Jul 12: Finals We know that Jackie has a concert in Pittsburgh this coming May 31st. We know that Jackie has a show in New York City this coming June 11th. The next presently scheduled concert is scheduled for Phoenix this coming October 5th. We know that the Evancho family historically takes July off for a family vacation(s). So, if Jackie has gotten through to the finals (which she knows) and the show is yet to be filmed, this could happen in June given the presently known performance schedule for Jackie. If the finals are to be live, Jackie would either have to interrupt the traditional Evancho family vacation in the US (if they are going to still do one this year), or the vacation this year would be held in Hawaii or Japan or Korea or China or India or other places around Asia so Jackie could easily perform in a live finals show probably occurring in mid-July. In any case, we have August and September void of any concerts. That can mean lots of things all of which are unknown. Note that this lack of concerts to support a spring released album is not unusual for Jackie. For example, the Two Hearts album was released on March 31, 2017. The first tour dates occurred May 19th and 20th. The next occurred June 7th. It was not until September 8th and 9th that the next Two Hearts concert occurred. And then it was not until November 3rd and 4th that the next concerts happened after the two September concerts. There were 38 concerts for the Two Hearts album. Loosely speaking, the present The Debut album concert schedule is a similar pattern as the Two Hearts album actual concert schedule. So far Jackie has only had/scheduled 13 concerts in support of The Debut album where two are at Feinstein's/54 Below which is a tiny venue. Time will tell what will happen. ------------------------------------------------------------------------------ INTERESTING SIDE NOTE: www.celebritytalent.net/sampletalent/3557/jackie-evancho/According to this booking agent, Jackie's minimum fee for a US engagement is $75,000 to $150,000. That would mean that the gross fees Jackie received for the Two Hearts album concert tour was in the range of $2.85 to $5.70 million dollars. Either number is not too shabby. To put this in perspective, Andrea Bocelli's minimum fee for a US engagement is $500,000 to $1 million while his son Matteo Bocelli is $25,000 to $39,999. So, a 38 performance tour for Andrea in the US would generate a minimum of $19 million to $38 million for him. Not too bad a payday. David Foster's minimum fees are listed as being $300,000 to $499,000. So a 38 engagement tour in the US for him gets $11.4 to $18.962 million. Boy, was I in the wrong business. Doesn't Jackie have to pay the musicians, her father, and various others from that fee?
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Post by seraphin on May 25, 2019 5:48:59 GMT -5
Jackie has to pay many people: her agent, music director, sound engineer, lawyer, accountant, dressmaker and probably some others I can't think of. Add the travel expenses for her, her father, music director & sound engineer.
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Post by seraphin on May 25, 2019 5:55:06 GMT -5
Another thought: Jackie has to pay the health insurance costs for her and her family. If Mike is her employee, she would need to pay social security/medicare, unemployment and workmens compensation taxes.
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Post by nipper on May 25, 2019 8:21:37 GMT -5
In today's 5/24 broadcast of World's Got Talent, a very brief image of Jackie was shown at 72:15. David Foster also gave the Golden Buzzer to the Spanish Got Talent winner Cristina Ramos. Cristina also sang on AGT Champions show and ended up being number 4 on that show that was won by Shin Lim. David also said that he was going to introduce her to Andrea Bocelli. They ended up having 3 people go through with Cristina straight through to the finals. That would be 12 to the semi-finals so far. ------------------------------------------------------------------------------ Since the China World Got Talent show supposedly was to be for 13 episodes, and we have had 6 broadcast so far, that leaves 7 more episodes. The finals is one of these 7 episodes. The previews for next week is still preliminaries. That would suggest that there are 3 more weeks of preliminaries. That gives a total of at least 18 semi-finalists. That would suggest that there will be 3 semi-finalists shows with six acts each show. We know the semi-finals shows have already been filmed. What we do not know is if the finals show was also filmed, or if it is to be a live show. A scenario is to have 2 from each semi-final show plus 4 golden buzzers for a total of 10 acts. This is what happened with AGT Champions 2019. And it seems to be a common format to have 10 acts in the finals for a Got Talent show. Obviously there are other possible combinations to get to a finals show and still have 13 total shows. In any case, we know that Jackie performed in at least the semi-finals. Beyond that we have no further information. So here is one possible date list for the remaining shows to add up to 13 total shows: May 31: Preliminary #7 Jun 7: Preliminary #8 Jun 14: Preliminary #9 Jun 21: Semi-final #1 Jun 28: Semi-final #2 Jul 5: Semi-final #3 Jul 12: Finals We know that Jackie has a concert in Pittsburgh this coming May 31st. We know that Jackie has a show in New York City this coming June 11th. The next presently scheduled concert is scheduled for Phoenix this coming October 5th. We know that the Evancho family historically takes July off for a family vacation(s). So, if Jackie has gotten through to the finals (which she knows) and the show is yet to be filmed, this could happen in June given the presently known performance schedule for Jackie. If the finals are to be live, Jackie would either have to interrupt the traditional Evancho family vacation in the US (if they are going to still do one this year), or the vacation this year would be held in Hawaii or Japan or Korea or China or India or other places around Asia so Jackie could easily perform in a live finals show probably occurring in mid-July. In any case, we have August and September void of any concerts. That can mean lots of things all of which are unknown. Note that this lack of concerts to support a spring released album is not unusual for Jackie. For example, the Two Hearts album was released on March 31, 2017. The first tour dates occurred May 19th and 20th. The next occurred June 7th. It was not until September 8th and 9th that the next Two Hearts concert occurred. And then it was not until November 3rd and 4th that the next concerts happened after the two September concerts. There were 38 concerts for the Two Hearts album. Loosely speaking, the present The Debut album concert schedule is a similar pattern as the Two Hearts album actual concert schedule. So far Jackie has only had/scheduled 13 concerts in support of The Debut album where two are at Feinstein's/54 Below which is a tiny venue. Time will tell what will happen. ------------------------------------------------------------------------------ INTERESTING SIDE NOTE: www.celebritytalent.net/sampletalent/3557/jackie-evancho/According to this booking agent, Jackie's minimum fee for a US engagement is $75,000 to $150,000. That would mean that the gross fees Jackie received for the Two Hearts album concert tour was in the range of $2.85 to $5.70 million dollars. Either number is not too shabby. To put this in perspective, Andrea Bocelli's minimum fee for a US engagement is $500,000 to $1 million while his son Matteo Bocelli is $25,000 to $39,999. So, a 38 performance tour for Andrea in the US would generate a minimum of $19 million to $38 million for him. Not too bad a payday. David Foster's minimum fees are listed as being $300,000 to $499,000. So a 38 engagement tour in the US for him gets $11.4 to $18.962 million. Boy, was I in the wrong business. This would be for private events, not concerts. Jackie's income from concerts would be ticket sales and not a set amount. We really do not know how many private events Jackie agrees to each year unless she post something on her social media sites and we have no idea how much she makes per concert.
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Post by bounderdriver on May 25, 2019 8:33:55 GMT -5
Another thought: Jackie has to pay the health insurance costs for her and her family. If Mike is her employee, she would need to pay social security/medicare, unemployment and workmens compensation taxes. True. But those are 'buckets', think business expenses, payroll expenses, etc. She has employee expenses for all of her hired employees, including Mike. Mike would then be responsible for the family's expenses like health insurance unless they were also included as 'employees like Rachel being an assistant earlier. People often characterize it like paying her employees, one of whom happens to be Mike, is a 'burden' on her. No more than the expense of any other employee like her musical director or stylist. He provides the service and support that she needs and is fairly compensated for it. It's not like he gets 200k as her Executive Water bottle Manager.🙂
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Post by Deleted on May 25, 2019 15:12:07 GMT -5
My understanding is that all business regarding Jackie is conducted through JE Touring Inc and Mike Evancho is the president of that incorporated company. All receipts and payments flow through that business entity. Although now that Jackie is legally responsible, I would guess that things have not dramatically changed except that contracts and legal agreements would need Jackie's signature instead of a guardian/parent. Mike and Jackie and any other owner of the corporation are shareholders and their earnings would be based upon their shareholdings. I would be willing to bet that Jackie is now the principle shareholder but like Mike, would remain an employee of the corporation. The corporation would enjoy being a limited liability entity and from a legal point of view be considered a legal person thus limiting the liability of the shareholders for such things as corporate tax, debt etc.
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Post by geb on May 26, 2019 1:49:08 GMT -5
... INTERESTING SIDE NOTE: www.celebritytalent.net/sampletalent/3557/jackie-evancho/According to this booking agent, Jackie's minimum fee for a US engagement is $75,000 to $150,000. That would mean that the gross fees Jackie received for the Two Hearts album concert tour was in the range of $2.85 to $5.70 million dollars. Either number is not too shabby. ... This would be for private events, not concerts. Jackie's income from concerts would be ticket sales and not a set amount. We really do not know how many private events Jackie agrees to each year unless she post something on her social media sites and we have no idea how much she makes per concert. Highly unlikely that Jackie would sign a deal that she makes a percentage of ticket sales for concerts. Just not typically done except where the percentage of ticket sales would take over after a certain minimum is paid the artist. A famous example was with Michael Jackson who was a far, far, far more famous singer than Jackie. In 1984, Chuck Sullivan (son of Billy Sullivan who founded the New England Patriots in 1959 who played their first season in 1960 under the name Boston Patriots) decided to promote a 15-city international music tour—the famous Victory Tour—featuring Michael Jackson. The deal he signed with Michael Jackson WAS NOT for a percentage of ticket sales. The deal was to pay Michael Jackson a guarantee of $41 million. This was estimated to be 75% of the revenues that Chuck Sullivan expected to receive from ticket sales. However, the deal had nothing to do with Michael Jackson receiving a percentage of ticket sales. SIDE NOTE: Chuck Sullivan had way under estimated what the real revenues and other costs would be realized and almost bankrupt the family and caused the family to have to sell the Patriots who at the time were only valued at $75 million with Sullivan Stadium valued at $15 million for a total of $90 million. The Victory Tour fiasco cost Chuck Sullivan and the family at least $20 million which was the estimated total value of the Sullivan family. Eventually, the Patriots were sold to Victor Kiam (of Remington Products fame) for $84 million in 1988. He sold it to James Orthwein (of Busch family fame) in 1992 to basically cover his debt. Then, in 1994, the Patriots were sold to Bob Kraft for $175 million after Bob had gained control of the Stadium with an ironclad lease contract that blocked James Orthwein from his desire to move the Patriots to St Louis. True business power plays. Fifteen years and six Super Bowl championships later, the New England Patriots are now worth $3.8 billion making them one of the most valuable sports organizations in the world. The bottom line is that even the biggest music stars are not stupid enough to sign a concert deal without a minimum guarantee that, from their point-of-view, has nothing to do with a percentage of ticket sales. This is true for virtually all entertainers except for the few that agree to take a contract for a percentage of gross receipts on a first payment basis in addition to a base salary. Usually this is done by rich and famous movie stars. For example, Sandra Bullock agreed to be paid $20 million in salary plus get 15% of box office revenues for Gravity. Together she made $70 million. And this is "minor" compared to Keanu Reeves who reportedly earned $250 million for the three "Matrix" films or Johnny Depp reportedly making over $300 million for the "Pirates" films. ------------------------------------------------------------------------------------------- Anyway, I digress. Jackie DOES NOT sign a concert contract for a percentage of ticket sales. Jackie signs a concert contract that pays her a minimum fee. This is what entertainers do.
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Post by geb on May 26, 2019 5:04:41 GMT -5
My understanding is that all business regarding Jackie is conducted through JE Touring Inc and Mike Evancho is the president of that incorporated company. All receipts and payments flow through that business entity. Although now that Jackie is legally responsible, I would guess that things have not dramatically changed except that contracts and legal agreements would need Jackie's signature instead of a guardian/parent. Mike and Jackie and any other owner of the corporation are shareholders and their earnings would be based upon their shareholdings. I would be willing to bet that Jackie is now the principle shareholder but like Mike, would remain an employee of the corporation. The corporation would enjoy being a limited liability entity and from a legal point of view be considered a legal person thus limiting the liability of the shareholders for such things as corporate tax, debt etc. Mike's LinkedIn listing: www.linkedin.com/in/michael-evancho-a768588This suggests that JE Touring was an LLC. However, we do have conflicting information per the Delaware and Pennsylvania Secretaries of State. There we have a JE Touring Inc being formed in Delaware on 10/12/2010. This entity was registered as a Foreign corporation in Pennsylvania on 3/14/2011 and had Lisa Evancho as the President. Now, a DBA (Doing Business As) could have been filed somewhere for using JE Touring LLC as a business name. That would be the cheapest way to create this business name. For example, in Boston one can register a DBA for 4 years for a cost of $75. Then you are required to renew the registration. Other localities have varying charges and conditions assigned to be a DBA. However, from a legal and tax standpoint, JE Touring Inc would be the legal entity that files tax returns. So, when Jackie became 18-years old, was a new legal entity formed as a holding company where Jackie owns it and it took over control of any and all entities created before Jackie was 18? Note that a corporation is not a limited liability entity. That is for entities like a Limited Liability Company (LLC) or a Limited Liability Partnership (LLP). If you meant that officers of a corporation are generally protected from personal liability that is true except for the legal cases when a corporate shield can be pierced and individuals can be held personally liable. Shareholders will usually only be on the hook if they cosigned or personally guaranteed the corporation’s debts. However, shareholders may also be held liable if a creditor can prove corporate formalities were not followed, shareholders commingled personal, and business funds or the corporation was just a shell designed to shield liability. This is called piercing the corporate veil. As for the earnings of shareholders, the only type of corporation that I know of that they can receive guaranteed yearly earnings (or losses or credits) based upon their ownership interest would be a S Corporation which is a tax pass-thru entity. A general or C Corporation is not required to pass yearly earnings thru to shareholders. A C-Corp can choose to issue dividends to shareholders or can choose to do a buy-back of shares based upon some agreed upon value of each share. However, that is not a requirement. Many C-Corps will retain earnings or use present earnings to reduce past reported losses. For publicly traded companies one can look at Income Statements and Cash Flow Statements and Balance Sheets to see what a C-Corp did with its earnings in any given year. Based upon the listed State filings, JE Touring Inc was created as a C-Corp. However, it is unknown if it was elected to be a S-Corp by filing the appropriate tax forms. I agree that Jackie is probably paid a salary, as well as other direct employees which probably are not that many. A reason for that is to create a benefits package for her. As an executive, Jackie could have had created a retirement program that was a combination of a Defined Benefit Plan (usually called a 401k program) and a Defined Contribution Plan (usually known as a pension plan). With her type of income, she could have socked away quite a bit of money into tax advantaged retirement programs. And if it was decided to do it as a Roth (at her age very desired to do that) she would have socked away a ton of money into retirement programs for which she would pay zero taxes upon retirement withdrawals and zero tax and tax penalties if she had to withdraw some of her basis in the future. A benefits professional can provide the details of what she could legally do and how she could have minimized the tax hit. Typically one hires an administrator to manage these programs and to file the required tax forms. Costs to setup the programs run in the $2,000 to $5,000 range with annual fees in the $1,000 to $3,000 range for small businesses. The bigger your company, the higher these numbers go. One could presume that other people that Jackie uses probably are not direct employees of her company. Her company may pay another entity (probably the case for fees paid to her agent or other types of fee-based service providers), or pay these people as 1099 MISC people which passes through all tax liabilities to the person and allows Jackie to not have to provide any benefits to that person. Now, if Jackie has created more entities that we know nothing about, forming an LLC makes sense for many reasons. If an LLC was formed, a first meeting would have to have been held. This is one of the formalities many do not do which means they have just made themselves potentially liable to their entities debts. Stupid, but that is what many do probably because of ignorance, bad advice or a combination of the two. Also, member meetings should be held at least occasionally to authorize various things and go over company business. If Jackie is bored by this she can assign a proxy to participate for her. It is a requirement that the Secretary provide meetings transcripts that are signed by the members, so Jackie will know what happened providing she reviews these documents. A typical first meeting involves doing the following: 1. Election of: a. Chairperson/Manager b. Vice Chairperson/Manager c. Secretary/Manager 2. Election of Other Key Managers a. President and Operating/Manager b. Treasurer/Manager c. Other 3. Ratify and Adopt a. Bylaws (actually the LLC equivalent) b. Certificate of Formation c. Operating Agreement 4. Approve and Adopt a. Company Seal b. Certificate of Membership 5. Proposal to Issue Units of Ownership a. Ownership Interest Name Capital Contribution Percentage Interest 6. Banking Arrangements a. Institution b. Issuance of Secretarial Certificate for bank account 7. Empowerment of Directors, Officers and Managers 8. Other Business a. Legal Counsel b. Accounting Support c. Other 9. Adjournment If Jackie has formed an LLC, it probably is a multi-member LLC with at least 2 members. A single member LLC is treated as a sole proprietorship for tax purposes which means one files a Schedule C and one pays a self-employment tax. No way Jackie would want that given her income. There are ways to elect corporate tax status for an LLC by filing the appropriate tax forms. As a multi-member LLC, Jackie can own 99.99999% and the second member would own 0.00001%. Effectively that second member would have almost no benefits until Jackie's reported K-1s had earnings in the millions. For example, let us say Jackie made $10,000,000. Jackie would pass-thru to her Schedule E $9,999,999 while the second member would pass-thru $1. An Operating Agreement is a legally binding contract between members. It is quite different than the controlling document in a corporation known as the bylaws. There are some restrictions as to what can be part of the bylaws. However, an Operating Agreement can contain virtually any legal requirements that all the members agree to since it is like a contract. For Jackie, she probably would want an Operating Agreement that protects and benefits her interests. I am sure she has access to excellent entertainment lawyers to make sure that happens. Now, given the new tax code and its favorable treatment of film, TV and live stage productions, Jackie may have formed some entities to see if she can take advantage of these new tax regulations. Not sure if it can be applied for concert shows. If one can treat her concert as a live stage production, then she may gain some tax benefits. Here is a nice summary of Section 181: filmtvlaw.com/blog/2018/4/26/the-section-181-film-tax-deduction-is-backThere are lots of other stuff that Jackie can also do, maybe even a Hollywood accounting type of structure for some projects. By setting up sub-entities that siphon off money from projects, these projects will virtually always lose money no matter how much they make. This is the primary reason why one is an idiot to sign a net profit contract and why Hollywood companies give away net profit contracts like they were candy. They know that they probably will pay zilch and only will pay something if someone sues them (which has occasionally happened) and they will settle for peanuts money compared to what they really should have paid. The actors union has tried to change this with little success outside of raising the minimum salaries to higher levels. This is a reason why actors have production companies to be able to negotiate for producer points. However, usually it is only the stars who can do this.
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Post by Deleted on May 26, 2019 18:10:48 GMT -5
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Post by geb on May 27, 2019 7:31:54 GMT -5
As is noted in gordie's article, an LLC is a pass-thru entity for tax purposes. A corporation can be a pass-thru entity also if it is a S corporation. And, as mentioned in the article, an LLC can be treated as a S-Corp for tax purposes. By doing this, one avoids all self-employment taxes on the profit distributions. So the article is not totally correct when it says profits from an LLC have self-employment taxes. They will not occur if one structures everything correctly. info.legalzoom.com/can-corporation-member-llc-4422.htmlThis article briefly explains that a corporation can be a member of an LLC. This article also indicates how a holding company can be added to the structural mix. Then we have the holding company own all the business assets and lease them back to an operating company. The holding company can be a corporation which is a member of one or more LLC operating companies. Then, all pass-thru profits, losses, credits, etc go into a corporate shell and you also have avoided any self-employment taxes. There are many ways to "skin-a-cat", as the proverb goes, in order to try to minimize taxes paid while maximizing earnings, benefits to individuals and asset protection. And I am sure Jackie has plenty of access to quite good legal and accounting experts to structure her present empire appropriately and plan for future expansions. I am familiar with a double holding company structure for an International sports entertainment business. Here we have a US entity own 100% of a foreign holding company. The foreign holding company then held 100% of one master operating company. Then the foreign holding company and the master operating company held ownership interests in 5 other operating entities some of which has their own sub-operating entities. Some of the reasons for this is distribution of revenues across multiple entities to minimize tax hits. Another is to be able to bring in investors for one of the entities below the holding companies while keeping 100% control of the whole business. Lastly, I am almost sure that any new entities that Jackie has formed were done so where the owner's identities can be legally hid from prying eyes. That was not the case for JE Touring Inc since it was a snap to look it up once we knew the name and discover that Lisa Evancho was listed as the President. For example, one can form an entity such as an LLC in Wyoming and completely hide the owners from public view. On top of that, as long as you do not make any sales requiring collection of a sales tax, Wyoming has no business entity taxes. Delaware also has some protective measures for blocking who are the owners of a business entity. However, Delaware has a minimum annual business tax among other stuff. But, from a legal protection standpoint, Delaware probably is the most business friendly State and has the most extensive business case law via its Chancery Court. courts.delaware.gov/chancery/
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Post by Deleted on May 27, 2019 23:47:44 GMT -5
A video posted yesterday by "Got Talent Global". It's a combination of Jackie's introduction and her performance. Nearly 11 minutes long. Over 300,000 views in 7 days, with 96% Likes
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Post by yellowstone2014 on May 29, 2019 16:36:45 GMT -5
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Post by yellowstone2014 on May 31, 2019 4:01:20 GMT -5
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Post by geb on Jun 3, 2019 1:49:23 GMT -5
As expected, the show on June 7th is still the preliminary rounds. This would be the 8th show which still suggests another preliminary round show will occur on June 14th. Then it appears that three semi-final shows will be broadcast as a lead-in to the finals show. This adds up to the 13 shows that appear to have been contracted to do. Time will tell.
In my opinion, nobody really stood out on the May 31st show. A rubik cube magaician and a father-son gymnastic-like pair went thru to the semi-finals.
A dance group got a Golden buzzer and thus are thru to the finals.
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