Should I Create a New Entity For That? [E173]

Artwork for podcast Business By The Numbers

Episode 173 • 5th June 2025 • Business By The Numbers • LSTN Media LLC

00:00:00 00:26:04

Share Episode

Start at

Embed

Download Audio

Shownotes

Thanks to our partner Promotive

Expanding your auto repair business is an exciting venture, but it brings forth critical decisions, especially regarding entity formation. In this episode of Business by the Numbers, Hunt Demarest, CPA at Paar Melis and Associates, delves into the complexities of creating a new entity for your business expansion.

Key Topics Covered:

Ownership Implications: Understanding how different ownership structures affect your decision to form a new entity.
Legal Considerations: Evaluating the legal protections and liabilities associated with separate entities.
Tax Implications: Analyzing the tax benefits or drawbacks of establishing a new entity.
Operational Costs: Assessing the administrative and financial costs involved in managing multiple entities.
Strategic Decision Making: Guidance on making informed choices tailored to your business's unique circumstances.

Thanks to our partner Promotive

It’s time to hire a superstar for your business; what a grind you have in front of you. Introducing Promotive, a full-service staffing solution for your shop. Promotive has over 40 years of recruiting and automotive experience. If you need qualified technicians and service advisors and want to offload the heavy lifting, visit www.gopromotive.com.

Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online: www.paarmelis.com

Email Hunt: podcast@paarmelis.com

Text Paar Melis @ 301-307-5413

Download a Copy of My Books Here: