Luis Tertocha
Retrieved From: http://www.miami.edu/frost/index.php/frost/frost_profiles/mbei-tertocha_louis/
Retrieved From: http://www.miami.edu/frost/index.php/frost/frost_profiles/mbei-tertocha_louis/
I am 22 years old. Until this point
in my life, I have always known what I wanted to do with my life and how I was
going to get there. But now, I feel lost. Of course I want to perform. But I
also want to live comfortably. I’m afraid of taking that huge giant leap into
actor-hood, which involves thousands of auditions with the hope that someone
will shove a contract in my face while I fall endlessly into oblivion with no
real security of what the future will hold. Well, I don’t want to do that. So,
I created a safety net.
The Armored
Peacock Performance Troupe is going to be a nonprofit organization what teaches
terminally ill children and their caregivers how to express themselves in a
healthy and creative environment. How can I be so sure this business will be a
success? I decided to seek the advise of an expert Entertainment Lawyer named
Luis Tertocha. I emailed him and sure enough, he agreed to a phone interview.
Mr.
Tertocha started practicing law in Michigan almost 33 years ago. For the
longest time, he was a trial lawyer dealing with many different types of law.
Growing up, however, he had always had a passion for the arts. When I spoke with him, he reminisced fondly about
the days when he would go to art museums with his parents. He stated, “My parent’s
were really good about that. Making sure the arts were a part of my life.” He
continue to state that 20 years ago, he decided it was time to merge his two
passions, law and the arts, into one. He then opened his private practice in
entertainment law. After 13 years of working (his) IN private practice, Mr.
Tertocha decided to work part-time at the University of Miami as an adjunct
professor in the music and law programs. This is where he works currently.
After
hearing briefly about his past endeavors, I explained to him my plan for the
Armored Peacock. “Taking art to children is imperative. I think enough people
don’t pay attention to those things, ” he said, after listening to my ideas. I
then asked him if he felt there were any “red flags” that I should be wary of
with my idea. He answered with an immediate “yes.” He went on to describe how
the IRS is very strict about their nonprofit policies. “The benefit of a
nonprofit is that you don’t have to pay income tax and the money donated to
your organization’s goals is tax deductible for the donor. As a result, The IRS
regulates it with a lot of scrutiny” he said.
He recommended partnering with either
a lawyer or an accountant who has a lot of experience working with nonprofit
organizations. Specifically, he said to “make sure you bring on board people
who know what they are doing…it’s a complicated process.” He also cautioned
that one should know and understand the language of the IRS. He explained that
if you don’t know what you’re doing, the process could become even more
complicated than what it already is.
He then
went on to discuss the difficulties of raising money for such endeavors. “You
need to have the juice, you really want to have something with which to go to
people to show you’re professional and you know what you’re talking about. People get solicited all the time.” He
remarked, “Even when you obtain your nonprofit status, you need to be able to
finance it.” He continued to emphasize the importance of understanding the
business aspects of both the entertainment realm and that of the nonprofit.
His final
words of advice were about picking the right people to be on your board. He
explained that you need both creative and business-minded individuals to come
together in order to succeed. One of the most precious statements he made on
this topic was that “…even though they may come to the table with different
disciplines and different backgrounds, they have come together for one single
mission. And that’s what’s important.”
I believe that being able to
overcome differences and work towards a greater cause is a powerful thing. I
think it’s something most often forgotten when egos begin to bounce off of each
other. I can certainly see it coming into play once I start working with people
who are incredibly knowledgeable in their specific areas of expertise.
The phone
interview ended as I thanked Mr. Tertocha for his time. Everything he said made
me feel more secure about the decisions I’ve made and where I’m going from
here. I am 22 years old. I don’t really know where I’m going to end up. But I
think I know where I’m headed.
Luis Tertocha was passionate about the arts. Through his words, he encouraged. This post shall be ended with a favorite quote of mine that embodies how Luis Tertocha lived his life.
"How far that little candle throws its beams! So shines a good deed in a naughty world." - William Shakespeare
Although we never met in person, he inspired me. Thank you, Luis, for all that you have done.
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