Question in regards to formatting
So I just barely finished my first screenplay (Yay)! I'm currently in the process of gathering feedback from my personal friends and acquaintances (local theater directors, my high school drama teacher, my pickiest friend studying writing, my little sister, etc).
After gathering their feedback, I was thinking about submitting the script to the BL websites and festivals to get more "industry" feedback (and also for poops and giggles). I'm testing the waters for studying writing in college, and this seems like a good place to start.
The problem, and my question to you today, is that I wrote the script using the only formatting I'm natively familiar with, which is that of one-act plays. How essential is proper formatting and centered text? I downloaded a font extension and stuff, but it would just take a looooot of editing, and the remastered script would probably be around 160 pages based on what I've seen (it's not necessarily long, just a comedy with lots of back-and-forth).
I'd hate to start submitting it and only get notes on proper formatting and editing, so I'm totally willing to go through and change it! I just want to know the most important rules for screenwriting + formatting. How important is listing specific camera angles? What's the space indentation for the lines of dialogue? (It looks like three-ish clicks of the tab key). Why are certain words randomly all-caps as if the sitting president of the U.S. wrote them? etc.