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  1. #1
    Junior Member
    Join Date
    Aug 2015
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    14

    Cons of Changing type of coffee ownership?

    We are into a coffee industry. As one of the business owners at some point, I will have to deal with change and growth. I want to ask if changing from partnership to corporation is a difficult transition. My co owners would like a change in the type of organization. We agreed to that, but still contemplating about the process. with it we are thinking that it can be challenging for management to keep everything organized without the right tools to monitor everything. What are the cons of changing type of coffee ownership. What do you think will make the transition easy?

  2. #2
    Senior Member
    Join Date
    Jul 2006
    Location
    MA
    Posts
    659
    Corporation such as S-Corp and LLC are the best way for safety and taxes. You need to consult your accountant or lawyer.
    Charlie
    If you are afraid of failure or losing money, quit while you are ahead

  3. #3
    Junior Member
    Join Date
    Aug 2015
    Posts
    14
    Quote Originally Posted by chast View Post
    Corporation such as S-Corp and LLC are the best way for safety and taxes. You need to consult your accountant or lawyer.
    Hello, I searched and checked your suggestion online. And I even read "how to convert LLC to a corporation". Unfortunately, I think this idea wont work with us as we need a simple and immediate solution. Anyway, one of my co-workers suggested to try first change management software to deal with the continuous growth and development of our industry. I hope it will work. Thank you!

 

 

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