EXCLUSIVE:The California Employment Development Department soon might stop recognizing loan out corporations.

However, it still has the potential to severely impact workers in Hollywood.

Loan out corporations will have the opportunity to appeal any proposed fines or additional amounts the EDD requests.

IATSE

IATSECourtesy

This post will be updated when they respond.

They can then pay themselves a salary, and even contribute to a retirement account on their own behalf.

Deadline hears that all theHollywood guildshave a pulse on the ongoing situation.

WGA West building in Hollywood

If you are impacted by this change, hey contact theDeadline tip lineto tell us more.