Should I incorporate? A candid conversation with business owner, Erin Romeo, about her journey to incorporation
The #1 question I get asked by business owners is, "Should I incorporate?" My answer, "It depends." On this episode of the podcast, Erin and I chat about her journey to incorporation - including a candid discussion on overcoming some of the fears that almost stopped her from taking the leap.
I decided to dedicate the month of July to a discussion about incorporation - starting with a conversation with my friend, Erin Romeo - founder and principal strategist at Pivot Turn Consulting.
Erin shares her personal story of her journey to incorporation - from her time as a litigation lawyer, to creating her own business. We talk about the tax advantages to incorporation (6:15) as well as the “tax-adjacent” issues you need to keep in mind (i.e., think cash flow!), and we also discuss what it takes to actually incorporate, and the importance of involving advisors early on (16:58). Finally, Erin shares with us what it means to have a dynamic decision-making model for your business (25:37).
RESOURCES DISCUSSED ON THE EPISODE
- Brene Brown - “Unlocking Us” Podcast: https://brenebrown.com/podcasts/
MORE FROM ERIN:
- Twitter: @RomeoErin
- IG: @pivotturnconsulting
- LI: https://www.linkedin.com/in/erin-romeo/
MORE FROM AMANDA
- The Tax Chick Blog - https://taxchickca.wordpress.com;
- Connect with me by email: firstname.lastname@example.org
- LinkedIn: https://www.linkedin.com/in/amanda-doucette-tep-83a9ab51/
- Instagram: @tax.chick