Entertainment: I just want to be the boss behind the scenes

Chapter 54 Becoming Bigger and Stronger
Question: If you suddenly make 7 million, how should you spend it?

According to Meng Bai's plan, he plans to move first, then buy a car, and then buy computers, graphics cards, and game consoles that he could not afford before. He will use the remaining money for investment or save it for other productions in the future.

Forget about buying a house. Not to mention whether he can buy one since he doesn't have a Beijing hukou, it's a huge loss to exchange such a large sum of money for a 200-square-meter place.

However, soon, his financial director Chen Jing threw away his financial plan which emphasized "do whatever you want".

"These seven million are now the company's operating income. If you, the boss, transfer all of it into your own account, it will be considered personal income, and you will need to pay more than 40%, or nearly three million, in personal income tax." Chen Jing explained to Meng Bai.

"So much!" Meng Bai had never really thought about this problem. After all, most of the time before, he didn't even reach the tax threshold and had no awareness of the need to pay taxes.

Chen Jing gave his "newbie" boss some popular science. Generally speaking, individual business operators like him can put money in the company's account, and then buy what they need in the name of the company.

In this way, not only does one only need to pay a single-digit percentage of corporate operating tax, but the purchased items can also be used as the company's management assets or operating costs, further offsetting the tax amount.

In other words, as long as Meng Bai changes the subject of spending money, he can save more than 90% of taxes, and it is reasonable and legal.

"Tsk, I've always heard big company bosses talk about 'one dollar a year' and 'no income work' since I was a kid. It seems like they're always playing the same game."

Meng Bai sighed, and then decided to follow Chen Jing's recommendation. He also reminded her that she still had to pay the taxes she was supposed to pay.

"I understand." Chen Jing nodded, and after hesitating for a moment, she continued, "Boss, I have a question."

"You said."

"What are your plans for the company's development in the future?" Chen Jing asked. Seeing that Meng Bai didn't seem to understand what she meant, she explained, "What I mean is, do you only plan to use the company as a studio to serve individuals, or do you want to run the company seriously?"

"Is there any need to ask that?" Meng Bai said as a matter of course: "What's the point of having a studio? Of course we want to make it bigger and stronger and create brilliance!"

Chen Jing heard this and nodded: "I understand. If this is the case, then we may need a detailed development plan."

After that, Chen Jing took out a thick business plan and handed it over. Meng Bai took it and took a look, and then couldn't help but jump his eyelids - this was a very detailed corporate development plan, and it was obvious that it had been prepared in advance.

"This... was written after you came here?" Meng Bai asked in surprise.

"Well... not all." Chen Jing's usually calm face showed a rare smile. She pushed her glasses slightly and said, "I used to work in a start-up company. It was a small company with few people, and everyone had multiple duties. I had some ideas for running a business at the time, but I thought I wouldn't have a chance to try it out. I didn't expect to meet you, the boss. I have made some adjustments based on the characteristics of the film and television industry in the past few days. I hope it can be used."

"What a talent!" Meng Bai looked at Chen Jing with respect and admiration.

What is a good employee? This is a good employee! The boss hasn't even started to think about future development, but they have already made a plan. Although I don't know the quality, judging by their attitude, it can be said that they "touched the capitalists and pleased the bosses."

"Sister Jing!" Meng Bai took Chen Jing's hand and said eagerly, "Our company is just starting out, so it's nonsense to talk to you about stocks and options. But don't worry, when the company grows bigger, you will have everything you deserve as a veteran, and we will definitely not treat you unfairly."

"..." Chen Jing pulled her hand out and said calmly: "Boss, don't be so excited. I just want the company to develop better, so that I have a reason not to go home and avoid my parents urging me to get married again."

"Don't worry, just work hard here! Not only will I not urge you to get married, but I also wish you to break off all worldly ties and be alone."

"…Thank you, boss."
-
Following Chen Jing's suggestion, Meng Bai has begun to transform the shell company Arclight Pictures.

First, they rented a two-story building in an industrial park near the North Fourth Ring Road as the company's office. The total area is about 300 square meters, and there is a small yard behind the building. The annual rent is more than 500,000 yuan. Now that they have an office, they need to recruit employees. After all, a place of more than 300 square meters cannot be occupied by only the three of them, Meng Bai.

Some traditional film and television companies often have a large number of employees. In addition to various administrative staff, they also sign many technicians, screenwriters, directors, musicians and the like.

Of course, a small start-up company like Arclight Films didn't need to be so well-equipped. Meng Bai first hired two clerks, who were mainly responsible for daily documents and procedures, and occasionally worked part-time as front desk receptionists. He also asked the property management of the park to help and found a cleaning lady to be responsible for daily cleaning.

After finishing the work, he called Liu Zhi again and asked him if he was interested in coming to Arc Light Films.

"No problem, Brother Meng, since you're running your own company, I, Old Liu, will have to help you out." Liu Zhi agreed immediately on the phone.

Meng Bai was also very happy to hear the other party agree. When filming "Soul Ferry" before, Liu Zhi helped him manage the production team and they cooperated well. Especially this guy has a wide network of contacts in various crews in the northern part of Beijing, and he is also the person Arc Light Films needs.

Meng Bai gave him the title of film and television department manager, and then asked him to recruit people on his own, and to find Chen Jing when he needed to spend money. He also had only one requirement for him, which was that if he needed to form a crew, he had to find the people he needed as quickly as possible.

Meng Bai didn't care much about the recruitment of these framework administrative personnel, and basically let Chen Jing and Hua Yan take care of it. The only two departments he valued and was personally responsible for were the Finance Department and the Legal Department.

The importance of the Finance Department is unquestionable. Although Meng Bai still trusts Chen Jing, there is no need to always rely on human nature for such things. It is tiring for everyone.

As for the legal department, it is equally important for film and television companies. However, Arclight Films does not need to set up its own exclusive legal department for the time being, so this part is directly outsourced to a red circle law firm.

For a week, Meng Bai did nothing but sort out the personnel structure and office facilities.

But you have to say, after all this trouble, Arc Light Films, which was originally empty, now looks like a complete and legitimate company.

"Your place looks pretty good."

In the small courtyard behind the Arclight Film and Television Building, Li Qin looked at the surrounding environment and exclaimed in admiration.

"Do you like it?" Meng Bai took two steps closer from behind and said, "If you like it, you are welcome to join us at Arc Light. I guarantee that you will be the top star once you come."

"Ha, 'First Sister' means 'Only Sister', right?" Li Qin said, looking back and finding Meng Bai standing closely behind her, her face immediately turned red, she took a half step back, and said in panic: "You, why are you so close?"

Meng Bai smiled and took a step to the side, but said, "We are talking about job hopping. We must be cautious about such confidential matters."

"No need. I still have five years of contract with the company. So, Mr. Meng is going to help me pay the penalty?"

"Ha, if I don't show you my strength, you won't know how strong I am now. Tell me, how much is the penalty? Mr. Meng, pay it."

"thirty million."

"...Actually, the scenery here is pretty nice. I'll take you to see it."

　Thanks to "Royal Noble-2008" for the reward!

　　ps: I counted it again carefully using the calculator, and seven million should indeed have six zeros. I'm sorry everyone, my child has never seen so much money since he was a child, and he got so excited when he wrote it.

　　
　
(End of this chapter)