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Loan Out Corporations Could End, IATSE Tells Members
The California Employment Development Department may no longer recognize a key business tactic.
“This would fundamentally change the way that… workers conduct business in the entertainment industry,” a memo sent to some IATSE locals read. Loan out corporations will have the opportunity to appeal any proposed fines or additional amounts the EDD requests. It’s unclear how widespread the EDD’s edict will be and whether it would also apply to Entertainment Partners, which provides a majority of payroll services for productions in California nowadays.
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