Opcode LLC seeking equity partners for game development

Discussion in 'Help Wanted (PAID ONLY)' started by opcodestudios, Apr 19, 2007.

  1. opcodestudios

    opcodestudios New Member

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    Proposal

    Please read the document below for an overview of this project. If you are interested, I can be reached by phone or email from the contact information in the proposal.

    Proposal for Equity Positions in Opcode Studios LC

    Background

    Opcode LLC, is registered corporation in the state of Utah. We have been in business for about three years. Our group consists of experienced business and software engineering personnel. Our primary focus is business software for which we have seven years of experience.

    With the recent acquisition of new talent we are starting a new project and company. The focus of this new entity is entertainment. The project proposed is quite large, we expect around sixteen months for completion. Since this venture is new to our managing members, we are starting members with equity positions only.

    These equity positions are not free to investors. The cost for one block (about 2%) is $60K. As a member of the development team you will receive an equity position as compensation for your role in development. Of course, as a general partner you will share in the profit. Also, through our other ventures, we have built up interest from a few investments firms. Portions of any funding raised will also be used to pay development members.

    We will be using an existing game engine eliminate a major part of production work. Most work will be directed towards content creation and story development.

    Positions

    Creative

    • Environment
    • 2d/3d Visual Arts
    • Music
    • Sound Effects
    • Voice Acting
    • Writing, Directing

    Engineering

    • C++, OpenGL
    • Torque Engine, TorqueScript
    • Shader
    • Artificial Intelligence, Logistics
    • User Interface

    Development Team Structure

    [​IMG]
     
  2. Jaxell

    Jaxell New Member

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    Georaphical position

    Is it necessary to be physically located. We are a music production company from Sweden that are interested, but Utah seems far away 4 hours / week.
     
  3. opcodestudios

    opcodestudios New Member

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    Jaxell,

    We consulted our legal counsel with your question. It is not necessary to be physically located here in Salt Lake City or even the US.

    There are some tax considerations. For instance, you may be liable for taxes by both US and Sweden. We will have to research the treaties between US and Sweden, we do know of US federal foreign tax credits for certain countries.

    In addition, please be aware that your country will also consider you as doing business in the US. There may be legal considerations between you and your government to look into as well.

    Thank you for your interest. We will research this option more and respond mid next week.
     

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