DOCSLIB.ORG

14,300,000 Shares Class a Common Stock

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
14,300,000 Shares Class a Common Stock Subject to Completion Preliminary Prospectus dated July 12, 2021 Securities PROSPECTUS in any state 14,300,000 Shares Class A Common Stock This is Zevia PBC’s initial public offering. We are selling 14,300,000 shares of our Class A common stock. We expect the public offering price to be between $13.00 and $15.00 per share. Currently, no public market exists for the shares. After pricing of the offering, we expect that the shares of our Class A common stock will trade on the New York Stock Exchange under the symbol “ZVIA.” Each share of Class A common stock and Class B common stock will entitle the holder to one vote. The Class B stockholders will hold 43.8% of the combined voting power of our common stock immediately after this offering. See “Organizational Structure.” We are an “emerging growth company” as defined under the U.S. federal securities laws and, as such, have elected to comply with certain reduced public company reporting requirements for this and future filings. See “Prospectus Summary—Implications of Being an Emerging Growth Company.” We elected in March 2021 to be treated as a public benefit corporation under Delaware law. As a public benefit corporation, we are required to balance the pecuniary interests of our stockholders with the best interests of those stakeholders materially affected by our conduct, including particularly those affected by the specific benefit purposes set forth in our certificate of incorporation. Accordingly, our duty to balance a variety of interests may result in actions that do not maximize stockholder value. Investing in our Class A common stock involves risks that are described in the “Risk Factors” section beginning on page 28 of this prospectus. Per Share Total Initial public offering price ............................................. $ $ Underwriting discount ................................................ $ $ Proceeds to us, before expenses ....................................... $ $ The underwriters may also exercise an option to purchase up to an additional 2,145,000 shares of our Class A common stock from us, at the public offering price, less the underwriting discount, for 30 days after the date of this prospectus. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense. The shares of Class A common stock will be ready for delivery on or about July , 2021. Goldman Sachs & Co. LLC BofA Securities Morgan Stanley Stephens Inc. BMO Capital Markets Wells Fargo Securities Telsey Advisory Group Loop Capital Markets Academy Securities AmeriVet Securities Ramirez & Co., Inc. and Exchange Commissionwhere is the effective. offer This or sale prospectus is is not not permitted. an offer to sell these securities and it is not soliciting an offer to buy these securities The information in this prospectus is not complete and may be changed. These securities may not be sold until the registration statement filed with the The date of this prospectus is July , 2021. TABLE OF CONTENTS Page PROSPECTUS SUMMARY ......................................................... 1 RISK FACTORS .................................................................. 28 FORWARD-LOOKING STATEMENTS ................................................ 59 ORGANIZATIONAL STRUCTURE ................................................... 61 USE OF PROCEEDS .............................................................. 71 DIVIDEND POLICY ................................................................ 73 CAPITALIZATION ................................................................. 74 DILUTION ....................................................................... 76 UNAUDITED PRO FORMA CONSOLIDATED FINANCIAL INFORMATION AND OTHER DATA ......................................................................... 79 SELECTED HISTORICAL FINANCIAL INFORMATION .................................. 89 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ............................................................... 92 LETTER FROM PADDY SPENCE, OUR CHAIR AND CHIEF EXECUTIVE OFFICER ......... 109 BUSINESS ....................................................................... 111 MANAGEMENT ................................................................... 131 EXECUTIVE COMPENSATION ...................................................... 141 PRINCIPAL STOCKHOLDERS ...................................................... 149 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS ................... 152 DESCRIPTION OF CAPITAL STOCK ................................................. 162 SHARES ELIGIBLE FOR FUTURE SALE ............................................. 168 MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR NON-U.S. HOLDERS OF CLASS A COMMON STOCK ...................................................... 170 UNDERWRITING ................................................................. 174 LEGAL MATTERS ................................................................. 180 EXPERTS ....................................................................... 180 WHERE YOU CAN FIND ADDITIONAL INFORMATION .................................. 180 INDEX TO FINANCIAL STATEMENTS ................................................ F-1 Neither we nor the underwriters have authorized anyone to provide you with information other than that contained in this prospectus or in any free writing prospectus prepared by or on behalf of us or to which we have referred you. We and the underwriters take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. We and the underwriters are offering to sell, and seeking offers to buy, Class A common stock only in jurisdictions where offers and sales are permitted. The information contained in this prospectus or any free writing prospectus is accurate only as of its date, regardless of its time of delivery or of any sale of shares of our Class A common stock. Our business, financial condition, results of operations and prospects may have changed since that date. Through and including , 2021 (the 25th day after the date of this prospectus), all dealers effecting transactions in these securities, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to a dealer’s obligation to deliver a prospectus when acting as an underwriter and with respect to an unsold allotment or subscription. For investors outside of the United States: We have not and the underwriters have not, done anything that would permit this offering, or possession or distribution of this prospectus, in any jurisdiction where action for that purpose is required, other than the United States. Persons outside of the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the shares of our Class A common stock and the distribution of this prospectus outside of the United States. i GENERAL INFORMATION Unless otherwise indicated or the context otherwise requires, references in this prospectus to (i) “Zevia PBC” refer to Zevia PBC, a Delaware public benefit corporation, the company conducting the offering made pursuant to this prospectus and not to any of its subsidiaries and (ii) the “Company,” “we,” “us,” “our” and “Zevia” refer to Zevia PBC and its consolidated subsidiaries. Zevia PBC was incorporated as a Delaware public benefit corporation on March 23, 2021 and, prior to the consummation of the Reorganization described herein and our initial public offering, did not conduct any activities other than those incidental to our formation and our initial public offering. Basis of Presentation This prospectus includes certain historical financial and other data for Zevia LLC, a Delaware limited liability company. Following this offering, Zevia LLC will be the predecessor of Zevia PBC for financial reporting purposes. Immediately following this offering, Zevia PBC will be a holding company, and its sole material asset will be a controlling equity interest in Zevia LLC. As the sole managing member of Zevia LLC, Zevia PBC will operate and control all of the business and affairs of Zevia LLC and, through Zevia LLC, conduct our business. The Reorganization will be accounted for as a reorganization of entities under common control. As a result, the consolidated financial statements of Zevia PBC will recognize the assets and liabilities received in the reorganization at their historical carrying amounts, as reflected in the historical financial statements of Zevia LLC. Zevia PBC will consolidate Zevia LLC in its consolidated financial statements and record a noncontrolling interest related to the Class B units held by the Class B stockholders on its consolidated balance sheet and statement of operations. See “Organizational Structure.” Numerical figures included in this prospectus have been subject to rounding adjustments. Accordingly, numerical figures shown as totals in various tables may not be arithmetic aggregations of the figures that precede them. Market and Industry Data Within this prospectus, we reference estimates, projections and other information and statistics regarding the beverages industry, our business and the markets for our products. We have obtained this information and statistics from various independent third-party sources,
Load more

Recommended publications
  • Double Taxation of Corporate Income in the United States and the OECD
    Double Taxation of Corporate Income in the United States and the OECD FISCAL Taylor LaJoie Elke Asen FACT Policy Analyst Policy Analyst No. 740 Jan. 2021 Key Findings • The Tax Cuts and Jobs Act lowered the top integrated tax rate on corporate income distributed as dividends from 56.33 percent in 2017 to 47.47 percent in 2020; the OECD average is 41.6 percent. • Joe Biden’s proposal to increase the corporate income tax rate and to tax long-term capital gains and qualified dividends at ordinary income rates would increase the top integrated tax rate on distributed dividends to 62.73 percent, highest in the OECD. • Income earned in the U.S. through a pass-through business is taxed at an average top combined statutory rate of 45.9 percent. • On average, OECD countries tax corporate income distributed as dividends at 41.6 percent and capital gains derived from corporate income1 at 37.9 percent. • Double taxation of corporate income can lead to such economic distortions as reduced savings and investment, a bias towards certain business forms, and debt financing over equity financing. • Several OECD countries have integrated corporate and individual tax codes to eliminate or reduce the negative effects of double taxation on corporate The Tax Foundation is the nation’s income. leading independent tax policy research organization. Since 1937, our research, analysis, and experts have informed smarter tax policy at the federal, state, and global levels. We are a 501(c)(3) nonprofit organization. ©2021 Tax Foundation Distributed under Creative Commons CC-BY-NC 4.0 Editor, Rachel Shuster Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 1 In some countries, the capital gains tax rate varies by type of asset sold.
    [Show full text]
  • Tax Strategies for Selling Your Company by David Boatwright and Agnes Gesiko Latham & Watkins LLP
    Tax Strategies For Selling Your Company By David Boatwright and Agnes Gesiko Latham & Watkins LLP The tax consequences of an asset sale by an entity can be very different than the consequences of a sale of the outstanding equity interests in the entity, and the use of buyer equity interests as acquisition currency may produce very different tax consequences than the use of cash or other property. This article explores certain of those differences and sets forth related strategies for maximizing the seller’s after-tax cash flow from a sale transaction. Taxes on the Sale of a Business The tax law presumes that gain or loss results upon the sale or exchange of property. This gain or loss must be reported on a tax return, unless a specific exception set forth in the Internal Revenue Code (the “Code”) or the Treasury Department’s income tax regulations provide otherwise. When a transaction is taxable under applicable principles of income tax law, the seller’s taxable gain is determined by the following formula: the “amount realized” over the “adjusted tax basis” of the assets sold equals “taxable gain.” If the adjusted tax basis exceeds the amount realized, the seller has a “tax loss.” The amount realized is the amount paid by the buyer, including any debt assumed by the buyer. The adjusted tax basis of each asset sold is generally the amount originally paid for the asset, plus amounts expended to improve the asset (which were not deducted when paid), less depreciation or amortization deductions (if any) previously allowable with respect to the asset.
    [Show full text]
  • October 2015 INDICTMENT and INFORMATION FORMS
    INDICTMENT AND INFORMATION FORMS (REVISED) 26 U.S.C. § 7201 ............................................................................................................................ 1 Individual Taxes – Evasion (Assessment) – False Return as Only Affirmative Act .................. 1 Joint Taxes – Evasion (Assessment) – False Return as Only Affirmative Act .......................... 2 Individual Taxes – Evasion (Assessment) – False Return and Other Affirmative Acts ............. 3 Joint Taxes – Evasion (Assessment) – False Return and Other Affirmative Acts ..................... 4 Individual Taxes – Evasion (Assessment) – Spies Evasion........................................................ 5 Individual Taxes – Evasion (Payment) ....................................................................................... 7 Corporation Taxes – Evasion (Assessment) – False Return as Only Affirmative Act ............... 8 Corporation Taxes – Evasion (Assessment) – False Return and Other Affirmative Acts .......... 9 Corporation Taxes – Evasion (Assessment) – Spies Evasion ................................................... 10 Corporation Taxes – Evasion (Payment) .................................................................................. 12 Last Updated: October 2015 26 U.S.C. § 7201 Form 1 Individual Taxes – Evasion (Assessment) – False Return as Only Affirmative Act THE [GRAND JURY/UNITED STATES ATTORNEY] CHARGES: From in or about [Month Year] through in or about [Month Year], in the [_____________] District of [_____________] and elsewhere,
    [Show full text]
  • Overview of the Tax Treatment of Corporate Debt and Equity
    OVERVIEW OF THE TAX TREATMENT OF CORPORATE DEBT AND EQUITY Scheduled for a Public Hearing Before the SENATE COMMITTEE ON FINANCE on May 24, 2016 Prepared by the Staff of the JOINT COMMITTEE ON TAXATION May 20, 2016 JCX-45-16 CONTENTS Page INTRODUCTION AND SUMMARY ........................................................................................... 1 I. PRESENT LAW ....................................................................................................................... 4 A. General Rules ...................................................................................................................... 4 1. Issuer treatment of debt and equity ............................................................................... 4 2. Holder treatment of debt and equity ............................................................................. 7 3. Acquisitions and dispositions ..................................................................................... 12 B. Distinguishing Between Debt and Equity ......................................................................... 13 1. In general .................................................................................................................... 13 2. Regulatory authority pursuant to section 385 ............................................................. 15 C. Rules to Address Stripping of U.S. Corporate Tax Base in the Case of Nontaxed Holders .............................................................................................................................
    [Show full text]
  • Journal of Accountancy Business Tax Quick Guide — Tax Year 2018
    Journal of Accountancy Business tax quick guide — tax year 2018 Tear out this quick guide for use during tax season, and look for our quick guide for individual taxpayers in the January 2019 issue. C CORPORATION INCOME TAX ■■■ Credit: Maximum amount of 5.4% for contributions paid to ■■■ Taxable income of a C corporation: Taxed at a flat rate of state unemployment insurance funds. 21%. ESTIMATED TAX QUALIFIED PERSONAL SERVICE CORPORATION TAX ■■■ Corporations owing $500 or more in income tax for the ■■■ Taxable income of a qualified personal service corporation tax year must make estimated tax payments equaling the is no longer subject to tax at a flat rate of 35%, but is taxed lesser of 100% of the prior-year or current-year tax liability. at the regular corporate tax rate of 21%. Large corporations must base the last three payments on the current-year tax liability. ACCUMULATED EARNINGS TAX ■■■ Due on the 15th day of the fourth, sixth, ninth, and 12th ■■■ 20% of accumulated taxable income (in addition to regular months of the corporation’s tax year (April 15, June 15, corporate income tax). Sept. 15, and Dec. 15 for calendar-year corporations). PERSONAL HOLDING COMPANY TAX CORPORATE ALTERNATIVE MINIMUM TAX (AMT) ■■■ ■■■ 20% penalty on undistributed personal holding company Starting in 2018, the AMT no longer applies to corporations. income. ■■■ No foreign tax credit allowed against personal holding company tax. NONRESIDENT AND FOREIGN CORPORATIONS ■■■ Taxed on U.S.-source investment income at 30% (or lower under treaty). SELF-EMPLOYMENT TAX ■■■ Net income effectively connected with a U.S.
    [Show full text]
  • State of Rhode Island and Providence Plantations Rhode Island Department of Revenue Division of Taxation
    State of Rhode Island and Providence Plantations Rhode Island Department of Revenue Division of Taxation Public Notice of Proposed Rule-Making Pursuant to the provisions of Rhode Island General Laws (RIGL) § 42-35-3, which sets forth procedures for the adoption of rules, and in accordance with the Rhode Island Administrative Procedures Act, codified at RIGL § 42-35-1 et seq., the Rhode Island Division of Taxation hereby gives notice of its intent to promulgate a regulation regarding mandatory unitary combined reporting for purposes of the business corporation tax. The purpose of this rule making is to implement RIGL § 44-11-4.1, which involves combined reporting. The proposed regulation and concise summary of non-technical requirements and proposed new rules are available for public inspection at www.tax.ri.gov. They are also available in person at the Rhode Island Division of Taxation, or may be requested from Michael F. Canole by email at: [email protected], or by phone at: (401) 574- 8729. In the development of the proposed regulation, consideration was given to: (1) alternative approaches; (2) overlap or duplication with other statutory and regulatory provisions; and (3) whether the regulation, in and of itself, would have significant economic impact on small business. No alternative approach, duplication, or overlap was identified based upon available information. All interested parties are invited to submit written or oral comments concerning the proposed regulation by December 14, 2015 to Michael F. Canole, Rhode Island Division of Taxation, One Capitol Hill, Providence, R.I. 02908 - telephone number (401) 574- 8729 or via e-mail: [email protected].
    [Show full text]
  • Non-GMO Project Verified Products
    Non-GMO Project Verified Products Schaumburg Store, Midwest Region Whole Foods Market, as a part of its mission to offer food in its most natural state, has created a Non-GMO Project Verified Product shopping list. Developed in partnership with the Non-GMO Project, a non-profit organization dedicated to allowing consumers to make informed choices and to ensuring sustained availability of non-GMO options, this shopping list highlights products that have been reviewed and verified by an independent third party to ensure that food production follows rigorous best practices for GMO avoidance. We hope that this proves to be a valuable shopping tool for you! Products that have been verified have the easy -to-recognize seal featured at the top of this shopping list. Unfortunately, due to cross-contamination and pollen drift, very few products in the U.S. are completely free of GMOs. The Non-GMO Project standard is a process-based standard that avoids the intentional use of GMO ingredients by providing suppliers with procedures and best practices for minimizing the presence of GMO ingredients. Thank you for shopping Whole Foods Market and your support of the Non-GMO Project! Baby & Child Products Earth's Best (Cont'd) Multi-Grain Cereal Oats, Spelt And Barley Blend Dr. Bronner's Mild Liquid Baby Soap Prunes First Stage Mild Liquid Baby Soap - 32 oz. Apple Cinnamon Oatmeal Third Stage Mild Liquid Baby Soap Organic Peach Mango Baby Food Puree Mild Baby Bar Soap Organic Peach Banana Blueberry Puree Dr. Bronner's Magic HAPPYBABY Pouches Baby Unscented
    [Show full text]
  • Coca-Cola's Future Growth Strategy
    University of Nebraska at Omaha DigitalCommons@UNO Theses/Capstones/Creative Projects University Honors Program 12-2018 COCA-COLA’S FUTURE GROWTH STRATEGY: DIVERSIFICATION? Arshia Alahi [email protected] Erin Bass Follow this and additional works at: https://digitalcommons.unomaha.edu/ university_honors_program Part of the Business Administration, Management, and Operations Commons Recommended Citation Alahi, Arshia and Bass, Erin, "COCA-COLA’S FUTURE GROWTH STRATEGY: DIVERSIFICATION?" (2018). Theses/Capstones/ Creative Projects. 33. https://digitalcommons.unomaha.edu/university_honors_program/33 This Dissertation/Thesis is brought to you for free and open access by the University Honors Program at DigitalCommons@UNO. It has been accepted for inclusion in Theses/Capstones/Creative Projects by an authorized administrator of DigitalCommons@UNO. For more information, please contact [email protected]. Case study on Coca-Cola Diversification Strategy, 2018 COCA-COLA’S FUTURE GROWTH STRATEGY: DIVERSIFICATION? Arshia Alahi, Erin Bass (Advisor) University of Nebraska Omaha, Fall 2018 COCA-COLA’S FUTURE GROWTH STRATEGY: DIVERSIFICATION? The year 1886 was the birth year of the world renowned, mega-cap company Coca-Cola Co. it all began when a pharmacist named John Pemberton was experimenting with carbonated beverages and created a medicinal drink to sell to drug storesi. The first ever Coca Cola was made with cocaine and wine, but later the cocaine was substituted out with the Kola nut to bypass the alcohol restriction in 1885. Due to the use of the Kola Nut in the syrup mixture, Frank M Robinson, the first Marketer of Coca Cola coined the name Coca Colaii, which quickly started to gain popularity. In fact the word Coca-Cola is the second most used and understood word after the word “Okay” worldwideiii.
    [Show full text]
  • Untaxingly Yours Take Me out of the Ballgame
    Untaxingly Yours Take Me Out of the Ballgame By Brian T. Whitlock Strategies for Removing Appreciated Assets from Corporate Solution Removing appreciated assets (e.g., real estate) from corporations and personal holding companies can create three potential levels of tax: corporate (entity level) income tax, individual income tax, and transfer tax (i.e., gift/estate) tax. This column will explore some tools and techniques for removing appreciated assets from corporate solution. The tools are aimed at reducing and/or eliminating one or more of the potential taxes. Like many tax practitioners, I subscribe to multiple professional Listservs and internet discussion groups. One of the most common questions that I see involves the tax dilemmas that surround the holding of appreciated real estate inside of a subchapter C corporation. As I remind my graduate school students, there is one basic tax rule that they should always follow: Never, ever, ever put real estate inside of any corporation. When real estate is held inside of the corporation, it is exposed to trade creditors, and the operating risks that are inherent within the corporation. It happens rather innocently, a closely-held manufacturing business, operating as a corporation, seeks a loan in order to finance the acquisition of real estate for the business. The lender has an established lending relationship with the business, so the parties take the easy lending path, the loan is made directly to the business and the corporation purchases the real estate. The transaction seems harmless, but over the years, the fair market value of the real estate increases through expan- sion and appreciation.
    [Show full text]
  • Negative Effects of Artificial Sweeteners
    Negative Effects of Artificial Sweeteners Jan 10, 2011 Marie Cauley Fake sweeteners are bad for your health! - Dr. Mercola Artificial sweeteners like Aspartame, Saccharin & Splenda take a toll on the human body. Learn what to watch out for & why you should stop using them. Many people who are diabetic or trying to lose weight turn to artificial sweeteners to save calories and regulate their sugar levels. They believe that these alternatives to regular sugar are better for them, and sometimes consume quite a bit of them in order to satisfy their hunger and taste buds. What many people do not know is that there are many harmful effects from these substances. Just look at the name - artificial sweeteners. Since they are not natural, several of the chemicals that are used to make these fake sugars can do real damage to your body. There are no nutrients in these chemicals either, so you are not benefiting your health by ingesting them. Let's take a look at some of these dangerous sweeteners. Aspartame Aspartame, also known as Nutrasweet or Equal, was approved by the FDA in 1988, but it was originally discovered as a drug to treat ulcers. According to Dr. Janet Hull at SweetPoison.com, ingesting large doses of aspartame can be likened to taking extreme doses of medication. Several large studies have been done with rodents, plus several smaller group studies with humans. Aspartame has been found to trigger several types of headaches, along with mood swings, depression, panic attacks, nausea, dizziness, and temper problems. Ingesting this sweetener has also produced several types of leukemia, tumors, and chronic respiratory disease.
    [Show full text]
  • Colorado Enacts Several Law Changes Impacting Income and Indirect Taxes
    Deloitte Tax LLP | June 29, 2021 MULTISTATE TAX Colorado enacts several law changes impacting income and indirect taxes Tax Alert Overview On June 23, 2021, Colorado Governor Jared Polis signed into law Colorado House Bills 21-1311 and 21-1312 (HB 1311 and HB 1312), which provide for several changes to Colorado’s corporate and individual income taxes as well as indirect taxes. This Tax Alert provides a summary of some of the more significant provisions in the bills. Summary of corporate income tax changes • HB 1311 modifies Colorado’s computation of the receipts factor for apportionment of combined corporations to require that all corporations in the combined group with any Colorado receipts must utilize the “Finnigan method” to determine the Colorado receipts in the numerator for tax years beginning on or after January 1, 2022. Colorado currently uses the “Joyce method.” • HB 1311 modifies the definition of an “affiliated group” to “includable C corporations connected directly or indirectly through stock ownership.” The requirement that the common parent be an includable C corporation remains in place. • For tax years beginning on or after January 1, 2022, HB 1311 requires that the Colorado combined group include C corporations “incorporated in a foreign jurisdiction for the purpose of tax avoidance.” The legislation includes a rebuttable presumption that a corporation is created for tax avoidance purposes if it is incorporated in one of 44 listed jurisdictions and includes information on how to calculate the taxable income of a foreign corporation that is to be included in the Colorado combined group. • HB 1311 disallows the Internal Revenue Code (IRC) section 78 dividend subtraction from any foreign corporations created for tax avoidance purposes that are included in a Colorado combined return.
    [Show full text]
  • C Vs. S Corporation
    C VS. S CORPORATION WHITE PAPER John Spann IV, CExP CFP® CLU® Spann Financial Group, LLC 9019 Overlook Blvd, Suite D1 Brentwood, TN 37027 Phone: (615)690-7222 www.spannfinancial.com Introduction wrong entity when you start your business can result in the payment of additional taxes during the company’s operational years, thereby “I expect to exit my business down the road, restricting the capital available for expansion. but is there anything I need to do now?” Having the wrong entity in place as you prepare Business owners often ask this question the business for sale can more than double the because they suspect that they should be doing tax bill upon that sale. something about exiting their businesses right The best entity for tax purposes during a now. These owners are on to something. business’ startup and operational years is often Someday, every owner will exit his or her a C corporation. However, the C corporation business, either by choice or against his or her is the worst entity (i.e., it causes the most tax will (e.g., death, incapacitation). Far too many problems) when it comes time to sell the owners take a reactive approach to Exit business. Conversely, the best tax entity at the Planning, beginning the process only after time of a sale—an S corporation—is often a poor something has forced them to consider their choice for tax purposes during the company’s exits. Additionally, since busy business owners operational and growth years. tend to forego the planning necessary to exit The specific planning issue that we will their businesses on their terms, only the most discuss is the careful consideration of how you motivated owners spend time or money want your business income to be taxed.
    [Show full text]