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re: how do investors in a non profit production make money

Posted by: actor103 11:47 pm EDT 08/09/14
In reply to: re: how do investors in a non profit production make money - ryhog 10:06 pm EDT 08/09/14

I do have a tax advisor. He said I qualify. But...He laughed and told me I was crazy for investing in theatre plus a few choice observations about the business of theater and how ludicrous the deals are. He knew nothing about investing in a non-profit production though he had all the 501 c 3 donation info.

He clearly does not think that the industry has much understanding of business. I could almost hear him shaking his head. That's ok. We all do crazy things for love. At any rate got an office number for one of the producers. Wish me luck. Thank you for all the advice. Very much appreciated.


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re: how do investors in a non profit production make money

Posted by: ryhog 11:14 am EDT 08/10/14
In reply to: re: how do investors in a non profit production make money - actor103 11:47 pm EDT 08/09/14

There is an esteemed producer who shall go nameless here who likes to rag on accountants. The theatre is a high risk business, and accountants are by nature risk averse, he reminds, but "I don't see many accountants at parties in the Hamptons." Successful producers don't operate on love or luck, and they don't do crazy things (not very often at least). Everyone miscalculates but those who are successful are only crazy like a fox.


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lol...

Posted by: garyd 12:04 pm EDT 08/10/14
In reply to: re: how do investors in a non profit production make money - ryhog 11:14 am EDT 08/10/14

I guess I agree with everything except "accountants at parties in the Hamptons". In reality they eat the most food and drink the most booze.

And, of course, accountants are "ragged "on by upper management in every business. If you're not ragging on your accountant then your accountant ain't doing his job.


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