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(Biz Law) Essential Steps for Successful Business Expansion
Manage episode 424600085 series 2794232
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Ready to transform your business by expanding its ownership? Join us as we sit down with expert Michael Palermo to uncover the essential steps for bringing in partners, co-owners, or investors. Learn how to create a structured plan and craft clear, written agreements that define roles, contributions, and expectations. Whether you're considering a buy-in, labor contributions, mergers, or pure investment, Michael's insights will guide you through the complexities of different business entity types and potential tax implications.
Curious about the vital questions to ask before investing in a business? Michael reveals what you need to know, from detailing specific contributions and roles to setting up mechanisms for removing underperforming members. Our discussion emphasizes the importance of well-defined terms to prevent disputes and ensure smooth operations. For those seeking further guidance, we encourage you to reach out via email or explore our website for more resources and related podcast episodes. Don't miss this opportunity to gain clarity and confidence in expanding your business ownership!
Visit https://palermolaw.com/blog-2/ for Michael's blog on Biz Law topics!
Be sure to visit BizRadio.US to discover hundreds more engaging conversations, local events and more.
Chapters
1. (Biz Law) Essential Steps for Successful Business Expansion (00:00:00)
2. Expanding Ownership (00:00:18)
3. Key Considerations for Business Partnerships (00:09:36)
80 episodes
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