The Financial Realities of Being an Agent

Comedian Jackie Mason once said, “Money is not the most important thing in the world. Love is. Fortunately, I love money.”

Yes, I love me some cash too, but there are times when dealing with money can be a major pain in the ass. To prove this hard-to-swallow point, I decided to keep a log of a typical day at the office, highlighting moments when financial issues made my agent blood boil.

10:25 a.m. My assistant wants a raise. This day is off to a bad start.

12:15 p.m. The mail has arrived. Based on the shape of one particular envelope, I can tell right away it’s a check for one of our clients. That’s usually a good thing, but it turns out the payroll company screwed up. The actor has a loan-out, which means all compensation has to be made out to his corporation. This check is made out to him as an individual. That’s not going to work because accepting the check will create tax problems. So I have to call my client with the bad news and then I have to contact the payroll company so they can issue a new check. This means nobody, including me, will get paid for another two weeks.

Read more…

Related posts

Leave a Comment

Call Now ButtonCall or Text