. . . If I wanted to accept all financial responsibility—and personal liability—I could simply act on my own in the creation of the film and take all of the risk, clearly establishing the roles of other participants and indemnifying them of any financial responsibility explicitly in their individual contracts. However, I didn’t want to do this. Who in their right mind would? I wanted to be protected so that if the entire project went broke, I wouldn’t be on the hook for any financial obligations that might be incurred by the production . . .
Joseph Puente discusses the business aspects of filmmaking projects in the July 2014 edition of 15 Bytes.