Welcome to episode two of Backbone! The four-part mini series where we discuss the financial side of building a business.

Today, we get into the structures that sit underneath your business and the tax impacts of each!

Whether you’re just starting out, running a side hustle, or transitioning into something more complex, the way your business is set up has real implications for tax, cash flow, and risk. And yet, this is one of the least openly discussed parts of being a founder.

So, this week, we have the candid tax conversation that no one seems to be having.

In this episode, we cover:

• The common business structures available to new and growing business owners

• How and when structures tend to change as your business becomes more complex

• The tax realities founders often avoid (and why that’s risky)

• Our perspective on when to bring in an accountant, bookkeeper, or advisor and what to look for.

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