8 h, oct 22, 2019 y - Amber Heard Be Heard Productions California FILING

Description:

On 28 August 2019 Amber Heard extended her business interests by incorporating two new companies, Be Heard LLC and Be Heard Productions Inc. Along with her 2009 registered company Under the Black Sky Inc this made three active companies.

It is not exactly clear what purpose the additional two companies were established to do other than to take advantage of beneficial regulations in the tax haven of Delaware- however an educated guess would suggest:

- Be Heard LLC to cover Amber Heard’s speaking engagements

- Be Heard Productions Inc is a production company to secure projects and investment for Ms Heard’s acting career

Searches on easily accessible internet databases and official California Business Filings suggest Be Heard LLC remains active as of March 2024 - however Be Heard Productions Inc was dissolved as of 5 May 2023 with trading terminated.

FROM FORBES:

Benefits of Incorporating in Delaware

Tax Benefits
The most famous reason Delaware has attracted the eye of corporations across the world is the lenient taxes imposed by the state. Corporations registered in Delaware that do not do business in the state do not pay corporate income tax. Delaware also does not have a sales tax, investment income taxes, inheritance taxes or personal property taxes. While companies do have to pay a franchise tax to register in Delaware, this can be pennies compared to the income tax other states would charge. Nationwide companies that do conduct business in Delaware can still skirt the in-state income tax by establishing subsidiary or shell companies that hold various intangible assets but do not directly run business operations.

Privacy
As with registering a business in most states, companies must assign a registered agent who maintains a physical address to be the official address and to receive mail and collect paperwork. Unlike most states, however, in Delaware, the registered agent is the only name that must be disclosed in association with the company. Other officers and directors are not required to disclose their names, allowing an extra degree of anonymity. Because of this lack of reporting, officers, directors and shareholders are also not required to maintain residency in Delaware.

Expediency and Simple Structure
Delaware brags about same-day business filings. Often, the incorporation process can take less than an hour to complete. To make things even easier, Delaware law allows only one person to hold numerous positions in the company such as the role of officer, director and even shareholder. In other states, this can often only be accomplished with sole proprietorships or LLCs.

Corporation Court
Instead of a traditional trial system, corporate lawsuits in Delaware are resolved by the Court of Chancery, a court made up of judges who specialize in corporate law. Because of this, Delaware has well-developed and predictable legal precedents that may benefit corporations. While the average civil lawsuit may take a number of years to resolve, Delaware’s use of judges instead of juries and prioritization of corporate-related cases means similar cases can be decided more quickly.

Should You Incorporate in Delaware?

With all these advantages it would seem like incorporating your business in Delaware is a no-brainer. And in fact, venture capitalists and angel investors usually prefer that you incorporate your business in Delaware.

But most small businesses aren’t vying for venture capital. For the typical small business owner, it likely makes more sense for you to file your business in your home state. The many benefits of incorporation in Delaware may not apply to your type of business or may be unable to save you significant money. There are, after all, disadvantages as well.

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