Face National Models and Talent
To Whom It May Concern:
What do Barbizon International, Inc., Elite Model Management,
Inc., Ford Models, Inc., and other agencies have in common?
They are corporations.
And then we have FACE. FACE National Models and Talent, LLC,
to be exact.
So what is an LLC? Limited Liability Company (LLC).
The LLC is not a corporation. Many small business owners
and entrepreneurs prefer LLC’s, because they combine
the limited liability protection of a corporation with
the "pass through" taxation of a sole proprietorship
or partnership.
http://www.sba.gov/
ADVANTAGES-DISADVANTAGES:
LLC versus a CORPORATION
LLC avoids double taxation
LLC cannot accumulate earnings
LLC not at risk for "unreasonable compensation"
LLC versus an S-CORPORATION
LLC has no restriction on number of shareholders
LLC has more flexibility in allocating profit & loss
LLC versus a GENERAL PARTNERSHIP
LLC partners not personally liable for LLC debts
WHO CAN BENEFIT?
New businesses with more than one owner and engaging in a risky
business.
If the company is so big as Jennifer
Gill says in her letter:
- Every day our client list grows, and so does our
booking team. Every booking agent in the office takes
pride in their work and loves making our models money!
FACE moved to a large downtown office in Charlotte
to accommodate our growing booking team. Anyone is
welcome to visit our new office and see what really
happens at FACE.
Then, I ask, why are they a limited liability corporation?
She brags about the company having so many clients and
models.
Also do you know if they only have a physical office
in Charlotte, North Carolina?
Oh, yes, and by the way, I did email FACE models using
the email address they give on their website and, SURPRISE,
SURPRISE, I haven't received a response —and this
was about two months ago, in February.
And why isn't Jennifer Gill's name on the website, since
she is the owner? Their corporate profile says little
about the company. What about the important things, like
when it started? Who is the owner? What is their history?
Under "partnerships" they say they are "now
in 87 cities." Really?
After reading some of the other letters, the models
should realize that they can buy the picture slides,
but that does not mean they need FACE to make the composite
cards. There are many other companies where you can spend
$400 and get more than 150. FACE is no doubt overcharging.
Well, thanks for reading this, and tell me what you
think.
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