Steps to Launch
Start a theatre company by following these steps:
- Plan your Theatre Company.
- Form your Theatre Company into a Legal Entity.
- Register your Theatre Company for Taxes.
- Open a Business Bank Account & Credit Card.
- Set up Accounting for your Theatre Company.
- Get the Necessary Permits & Licenses for your Theatre Company.
What happens if you close your limited company? You can’t trade or carry out business activities through that limited company after your company has been struck off. The process can take a minimum of three months from the time of application to the time of dissolution. For more information, visit the Companies House website.
Funding and Resources
Arts Council England funding applications include steps from creating your account to setting a budget and writing your application.
To raise money for your theatre company, consider asking friends or family to invest in your vision. Set ticket prices high enough to cover expenses, and discover industry resources for a successful startup and ongoing operations.
Business Planning
When planning your theatre company, you must consider several factors that will affect your future business, like company branding, target audience, pricing, and special offers. Renovating facilities, like creating a beautiful entrance and upgrading bathrooms, can also enhance customer experience.
Starting costs for a theater productions business can range from as low as $62 to an estimated maximum of $23,259, depending on the scale of your operation.
Closing Thoughts
Your theatre company not only entertains but also brings people together and serves as an educational platform. Don’t forget it’s also a business that requires adherence to local government regulations and obtaining the appropriate licenses, like a business license and performing arts license.