Of all the choices made when starting a business, one of the most important is the type of legal structure to select for a company. Not only will this decision have an impact on taxes, it will also affect personal liability and even the ability to raise money.
This morning on Franchising & You podcast, Tom Spadea, partner and Franchise Attorney at Spadea Lignana talked through the topic of legal entity options across several situations:
- Legal entity options for a franchise business and considerations for each
- Considerations for choosing a legal entity for multi-unit and area development
- Choosing the right legal structure considering implications on future events – voluntary and based upon necessity – sale of business, death of principal and effect on family, death of a partner, bankruptcy.
Listen to today’s segment HERE.
Learn more about Tom Spadea HERE.