Chapter
Best Tax Structures for Selling a Company
31:57 - 35:34 (03:37)
The speaker shares advice from their tax and lawyer advisors on the best tax structure for selling a company, recommending a C Corp if the goal is to sell and not pay oneself a lot or only receive payment as a W-2.
Clips
The right tax and legal structure can help a startup to minimize tax liability and optimize profits.
31:57 - 34:52 (02:55)
Startups
Summary
The right tax and legal structure can help a startup to minimize tax liability and optimize profits. C Corps are great for startup companies looking to sell the company while minimizing tax payments.
ChapterBest Tax Structures for Selling a Company
EpisodeMy First Million's Origin Story, How to Find Winners, and More
PodcastMy First Million
The co-founders of a startup discuss the benefits of structuring your business as a C Corp, including stock ownership and long-term benefits, while still maintaining payment through your LLC.
34:52 - 35:34 (00:41)
Business Investment
Summary
The co-founders of a startup discuss the benefits of structuring your business as a C Corp, including stock ownership and long-term benefits, while still maintaining payment through your LLC. It's important to seek advice and make sure you're doing everything correctly to avoid missteps.