Crowdfunding taps the power of the internet and social media by helping Hollywood professionals find thousands of potential investors via internet crowdfunding portals. These investors can invest various amounts of money to help fund your project.
Crowdfunding is an alternative to the traditional ways of raising capital. Professional content creators have the ability to appeal directly to a large audience of small investors to help them expand or fund their entertainment projects.
It is important for you as a creative artist to concentrate on your project and let Downey & Company handle your accounting requirements.
To contact one of our crowdfunding professionals, please click here.
These internet portals have certain accounting guidelines that require the crowdfunding accounting services which Downey & Company provides. We can assist you with compliance.
All companies must solicit prospective investors through approved web portals. These portals will gather accounting information on your entertainment project and process all the investment transactions from investors. Downey & Company can assist you with certain financial information needed in order for your business to qualify for the internet portal including preparation of appropriate federal and state corporate tax returns. Also, companies raising funds are required to disclose to investors company information and must publicly file annual financial statements that have, at a minimum, been reviewed by an independent accountant.
For the guide “6 Steps to Prepare for Successful Crowdfunding,” please click here.
Our group of crowdfunding professionals with a broad range of expertise will provide the following crowdfunding services to meet each company’s unique needs:
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Budget preparation and ongoing review
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Long-range planning
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Cash flow management, forecasting, and analysis
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Implementation of sound internal control systems
Interested in finding out more? Please contact Jamie Downey at JMDowney@DowneyCoCPA.com or at 800-849-6022. Jamie can assist you in preparing for your crowdfunding experience.
Downey & Company has partnered with Indie Crowd Funder. Indie Crowd Funder provides professional content creators with the most comprehensive and exclusive online resources for their innovative and aspiring equity and reward-based crowdfunding projects. Please visit them at www.indiecrowdfunder.com.
