WHAT IT IS

Business Management is a subsection of public accounting that deals with high net-worth individuals in the entertainment field — from actors and musicians to athletes, producers, directors and voice-over actors.  Business Management firms handle everything for these individuals that has to do with money — from financial planning, insurance, day-to-day bookkeeping, account payables and receivables, periodic financial statements, preparation of tax returns for the individuals and all their entities (their children, for example), setting up a new business entity, etc.

When these kinds of clients have any transaction that involves money — whether buying a house or getting into a joint venture with others — then they are represented not just by their attorney but by their business manager as well. Read more