Jess Jacobs, 25
Actress and Co-Founder of Invisible Pictures
In Hollywood, withstanding bias, sexism and ridicule is an everyday occurrence for women, given men’s executive positions in the industry. Actress Jess Jacobs, for one, was 24 when she started feeling a lack of respect from the companies she was auditioning for. “I was reading scripts where women characters were passive recipients of the world around them rather than active participants in it,” says Jacobs, who then launched a female-led, female-sourced production outfit of her own. “I wanted to use content creation and my experience as a storyteller to change the narrative.”
1. What made you choose this career path? What has been your greatest achievement?
I have worked as an actor since I was 15, so it’s really the only job I’ve ever known. As I’ve grown in the industry and as a woman, I have found empathy to be a critical trait, and being an actor is being a professional empathizer. My job is to put myself in other people’s shoes, to find the humanity in even the most difficult of individuals. However, after a number of years and a number of exciting successes, I was looking around and finding myself often feeling uninspired. I was watching women’s stories turned into niche films and television. I was reading scripts where women characters were passive recipients of the world around them rather than active participants in it. So it became obvious rather quickly: I wanted to use content creation and my experience as a storyteller to change the narrative and work towards bringing underrepresented communities who have been made invisible by systems and institutions around the world into the mainstream. And so Invisible Pictures was born. Between being an actor and being a producer, I am honored to embody multiple stages of the storytelling process. My greatest achievement has been my contribution to the building of a space to make all of those things possible, always in community with other artists and producers and creative minds.
2. What’s the biggest criticism/stereotype/judgement you’ve faced in your career?
Ask any young woman in Hollywood, and they’ll tell you that some version of “you’re too…” is a daily occurrence. Actresses, especially, are subject to every judgement under the sun. I also have been told throughout my career numerous absurd things. Besides the classic “you’re too old for…” right after “you’re too young for…” and so on. I was once told that I was tough to cast because I “didn’t have a quirk, like frizzy red hair,” as if that physical “quirk” was somehow my missing link.
I think the spark for me, though, really came when I wanted to produce my own content because I was tired of reading passive women characters, and someone told me that I couldn’t be a producer and be taken seriously as an actor simultaneously so early in my career. I was told I was too unknown to make a difference. I was told I was too small to change things. I was told I couldn’t pursue two passions at the same time. So, of course, I knew I had to go out and do just that.
3. How did you #SWAAYthenarrative? What was the reaction by those who told you you “couldn’t” do it?
The biggest limitation I have faced in my career is the immense amount of unintentional sexism that seeps into content at all levels of the media, from small independent projects to major network TV shows. This kind of content is not only uninspiring to me as an individual, but also sends the message of disempowerment to all women who consume the content and internalize these messages around the world.
The biggest stereotype I have faced in my career is the fact that walking into rooms with heavy hitters as a young woman is often met with a twice up-and-down and a patronizing smile indicating an obvious lowering of expectations. A lot of these limitations and stereotypes led me, in more ways than one, to rely on other people to tell me how to live my life. The messaging I had received was that I was not in a position to own my power or to be a leader. I was waiting for someone to give me a shot, rather than standing up and building my life, my career and my passion for myself.
4. What did you learn through your personal journey?
I overcame the stereotypes and limitations I faced by looking at all of them as opportunities. Every obstacle was a chance to learn something, to take a risk, to show myself what I was capable of. If the stereotype says pretty women can’t be intelligent and successful in business, then I would be sure to put on my favorite outfit for a meeting. If the stereotype says young women can’t be trusted with important responsibilities, I would take on more than anyone thought I could handle and confirm myself capable. And as much as I’ve learned, I am still working everyday to approach things as a woman rather than trying to beat a man at a man’s game. As a millennial, I have an instinct for digital content which is so valuable in the industry today and finding a producing partner with an expertise in traditional media was, and is, so much more fulfilling than trying to act like I can do it all alone. Before my 25th birthday, I co-founded Invisible Pictures, with my producing partner, Emmy-nominated industry veteran and one of the most incredible women I know, Audrey Rosenberg. We are dedicated to authentic stories which are not normally represented or elevated in dominant culture.
5. What’s your number one piece of advice to women discouraged by preconceived notions and society’s limitations?
My one piece of advice: Do it anyway. Society’s limitations are perpetuated by our willingness to let them have power over us. Preconceived notions are only notions. Go make your own rules.
Business entities can be defined as the corporate, tax and legal structures which an organization chooses to officially follow at the time of its official registration with the state authorities. In total, there are fifteen different types of business entities, which would be the following.
- Sole Proprietorship
- General Partnership
- Limited Partnership or LP
- Limited Liability Partnership or LLP
- Limited Liability Limited Partnership or LLLP
- Limited Liability Company or LLC
- Professional LLC
- Professional Corporation
- Nonprofit Organization
- Cooperative Organization
As estates, municipalities and nonprofits do not concern the main topic here, the following discussions will exclude the three.
Importance of the State: The Same Corporate Structure Will Vary from State to State
All organizations must register themselves as entities at the state level in United States, so the rules and regulations governing them differ quite a bit, based on the state in question.
What this means is that a Texas LLC for example will not operate under the same rules and regulations as an LLC registered in New York. Also, an LLC in Texas can have the same name as another company that is registered in a different state, but it's not advisable given how difficult it could become in the future while filing for patents.
To know more about such quirks and step-by-step instructions on how to start an LLC in Texas, visit howtostartanllc.com, and you could get started with the online process immediately. The information and services on the website are not just limited to Texas LLC organizations either, but they have a dedicated page for guiding fresh entrepreneurs through the corporate tax structures in every state.
Sole Proprietorship: Default for Freelancers and Consultants
There is only one owner or head in a sole proprietorship, and that's what makes it ideal for one-man businesses that deal with freelance work and consulting services. Single man sole proprietorships are automatic in nature, therefore, registration with the state is unnecessary.
Sole proprietorships are also suited to a degree for singular teams such as a small construction crew, a group of handymen, or even miniature establishments in retail. Also, this puts the owner's personal financial status at jeopardy.
Due to the fact that a sole proprietorship entity puts all responsibilities for paying taxes and returning loans, it directly jeopardizes the sole proprietor's personal belongings in case of a lawsuit, or even after a failed loan repayment.
This is the main reason why even the most miniature establishments find LLCs to be a better option, but this is not the only reason either. Sole proprietors also find it hard to start their business credit or even get significant business loans.
General Partnership: Equal Responsibilities
The only significant difference between a General Partnership and a Sole Proprietorship is the fact that two or more owners share responsibilities and liabilities equally in a General Partnership, as opposed to there being only one responsible and liable party in the latter. Other than that, they more or less share the same pros and cons.
Registration with the state is not necessary in most cases, and although it still puts the finances of the business owners at risk here, the partnership divides the liability, making it a slightly better option than sole proprietorship for small teams of skilled workers or even small restaurants and such.
Limited Partnership: Active and Investing Partners
A Limited Partnership (LP) has to be registered with a state and whether it has just two or more partners, there are two different types of partners in all LP establishments.
The active partner or the general partner is the one who is responsible and liable for operating the business in its entirety. The silent or investing partner, on the other hand, is the one who invests funds or other resources into the organization. The latter has very limited liability or control over the company's operations.
It's a perfect way for investors to put their money into a sector that they are personally not experienced with, but have access to people who do. From the perspective of the general partners, they have similar responsibilities and liabilities to those in a general partnership.
It's the default strategy for startups to find funding and as long as the idea is sound, it has made way for multiple successful entrepreneurial ventures in the recent past. However, personal liability still looms as a dangerous prospect for the active partners to consider.
Limited Liability Company and Professional LLC
Small businesses have no better entity structure to follow than the LLC, given that it takes multiple good ideas from various corporate structures, virtually eliminating most cons that are inherent to them. Any and all small businesses that are in a position to or are in requirement of signing up with their respective state, usually choose an LLC entity because of the following reasons:
- It removes the dangerous aspect of personal liability if the business falls in debt or is sued for reparations
- The state offers the choice of choosing between corporation and partnership tax slabs
- The limited legalities and paperwork make it suited for small businesses
While more expensive than a general partnership or a sole proprietorship, a professional LLC is going to be a much safer choice for freelancers and consultants, especially if it involves risk of any kind. This makes it ideal for even single man businesses such a physician's practice or the consultancy services of an accountant.
B, C and S-Corporation
By definition, all corporation entities share most of the same attributes and as the term suggests, they're more suited for larger or at least medium sized businesses in any sector. The differences between the three are vast once you delve into the tax structures which govern each entity.
However, the basic differences can be observed by simply taking a look at each of their definitive descriptions, as stated below.
C-Corporation – This is the default corporate entity for large or medium-large businesses, complete with a board of directors, a CEO/CEOs, other executive officers and shareholders.
The shareholders or owners are not liable for debts or legal dispute settlements in a C-Corporation, and they may qualify for lower tax slabs than is possible in any other corporate structure. On becoming big enough, they also have the option to become a publicly traded company, which is ideal for generating growth investments.
B- Corporation – the same rules apply as a C-Corporation, but due to their registered and certified commitment to social and environmental standards maintenance, B-Corporations will have a more lenient tax structure to deal with.
S-Corporation – Almost identical to a C-Corporation, the difference is in scale, as S-Corporations are only meant for small businesses, general partnerships and even sole proprietors. The main difference here is that due to the creation of a pass-through entity, aka a S-Corporation, the owner/owners do not have liability for business debt and legal disputes. They also are not taxed on the corporate slab.
Cooperative: Limited Application
A cooperation structure in most cases is a voluntary partnership of limited responsibilities that binds people in mutual interest - it is an inefficient structure due to the voluntary nature of its legal bindings, which often makes it unsuitable for traditional business operations. Nevertheless, the limited liability clause exempts all members of a cooperative from having personal liability for paying debts and settling claims.
This should clear up most of the confusion surrounding the core concepts and their suitability. In case you are wondering why the Professional Corporation structure wasn't mentioned, then that's because it has very limited applications. Meant for self-employed, skilled professionals or small organizations founded by them, they have less appeal now in comparison to an LLC or an S-Corporation.