Entity Structures – What Every Cannabis Business Need to Know
Entity Structures – What Every Cannabis Business Need to Know
We will cover key points on the different types of business entities and some of the important distinctions between them. The most common thing we hear when we ask how a business is taxed is an “I’m an LLC.” which is not a taxable entity. Education on entity structures can make it easier to secure capital, save on business and personal taxes and reduce or eliminate personal liability for business debts.
Laura Adams
Laura Adams has over 25 years’ experience as a CFO, Accountant, Business Consultant and Tax Professional. She is the Founder and President of 420 CFO Inc. Laura has a passion for finding efficient ways to keep Cannabis businesses in compliance with IRC 280(e) while making sure they don’t lose a penny of legal deductions. When she’s not solving business problems or burying her head in tax court cases, Laura also loves to hike, kayak, volunteer in her local community.
Bridget Zurweller
Bridget is a Professional Consultant with over 20 years of experience in Marketing, Bookkeeping, Accounting, Payroll and Streamlining business processes to save people money. Her passion for the industry stems from seeing first hand how cannabis has helped the local Veterans. As a daughter of Veteran, she knew she could use her acquired skills to help the companies that are helping Veterans like her Father every day.
Monica Meihack
Monica brings to the team over 15 years experience in accounting, finance, financial contracts and extensive experience evaluating investment potential. Her entire career she has focused on where she could use her skills to make a real difference with the businesses she’s worked with. It’s no surprise that the cannabis industry would become her passion with all the challenges the industry faces.