Mona viewed herself as a creative individual who had chosen to go to law school for economic

Question:

Mona viewed herself as a creative individual who had chosen to go to law school for economic reasons. Mona's undergraduate majors were creative writing and American Indian studies.
Mona was very successful as an attorney and eventually was admitted to partnership in her law firm, having an expertise in negotiating settlements involving Indian water rights.
While practicing law, Mona continued her interest in the arts. She had directed plays in high school and maintained her involvement in the theater, even during law school. She belonged to local theater organizations while she practiced law. She took several courses in filmmaking and read extensively in the area. She even took several months off from her legal practice to enroll in NYU's filmmaking program. Her enrollment in the program provided her with hands-on experience and taught her about the technical aspects of filmmaking and allowed her to meet individuals who would later work with her on her documentary.
When she discovered that her husband had similar interests, she decided to create a documentary about Way to Sing America. After acquiring the rights to all of the archival footage of Way to Sing America, she hired a video production company to film interviews that she conducted with Way to Sing America alumni (over 400 hours of such interviews). She spent weekends and nights over a three-year period working on the documentary.
Once the documentary was completed, Mona began marketing it at film festivals. At some of these festivals, her documentary received awards. At the same time, she developed a business plan, hired a bookkeeper to manage the finances, and hired an accounting firm to provide tax advice.
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

South Western Federal Taxation 2017 Comprehensive

ISBN: 9781305874169

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young

Question Posted: