Grow + Sell Your Business Part One: Organizational Structures
Prepare to Grow and Sell Your Business in Four Segments August 15, 2019
In the first seminar of this four-part series on growing a business and preparing it for sale, Eric presented alongside CPAs Maggie Gilmore, Tax Managing Director at BDO, and Jeff Tubaugh, Tax Partner at BDO.
The presenters gave a thorough introduction to entity fundamentals – such as the differences between LLCs and C Corporations for taxation purposes – and explained the roles of outside investors and their tax impact. They also illustrated guidance on structuring and organizing a company.
Eric also discussed considerations for selecting the right entity, such as maintenance, exit readiness, and what state it will operate in. He detailed different forms of capitalization, along with the “whens” and “hows” of bringing on partners.