Of all the choices you make when starting a business, one of the most important is the type of legal structure you select for your company. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money.
This week on Franchising & You our guest is Tom Spadea, Franchise Attorney and Partner at Spadea Lignana. Tom discusses various entity structures for operating a franchise business including options for multi-unit and area development. Tapping into his experience as both an attorney and entrepreneur, Tom shares his perspective on the legal entity's potential impact on a franchise business beyond it's legal structure.
Franchising & You airs every Saturday at 9:30 AM EDT / 8:30 AM CDT with each segment available on-demand.
Franchising & You is powered by Franchise Foundry and sponsored by Benetrends, Spadea Lignana and Retail Solutions.