10 Signs You Should Change Your Business Structure

Written By Kevin McKernan

  1. Growth and scaling needs

  2. Funding and capital needs

  3. Risk management and liability

  4. Change in ownership or management

  5. Tax flexibility and benefits

  6. Geographical expansion

  7. Operational efficiency

  8. Enhanced credibility

  9. Business incentives

  10. Corporate culture and employee engagement

The Fine Print: Legal and Tax Implications of Restructuring Your Business 

  • Entity formation and dissolution 

  • Changes in liability

  • Tax obligations and benefits

  • Contractual obligations

  • Employment law compliance

  • Governance and internal structures

  • Funding and financing

  • Estate and succession planning 

Steps to Change Your Business Structure 

  1. Identify your needs

  2. Get expert advice

  3. Choose the right structure

  4. Prep and file the paperwork

  5. Update your contracts

  6. Announce the change

  7. Update your financials

  8. Review compliance requirements

This document is designed for general information only. The information presented in this document should not be construed to be formal legal or tax advice nor the formation of a lawyer/client relationship. 

For more information on this and other topics, please contact Kevin via any of the channels listed below:

📧 kevin@kmckernan.com  | 📞 718-317-5007

Kevin McKernan
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