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In this week's episode of the Maximize Business Value Podcast, we explore Chapter 22 - "Re-Examine Your Tax Status." Join us as we delve into the crucial aspects of understanding and optimizing your business's tax status.

Tom emphasizes that while most business owners can identify their corporate structure (C Corp, S Corp, LLC, Partnership, etc.), many can't explain why they've chosen that structure or when they made that decision. It's common for business owners to consult with an attorney or CPA during the initial setup of their corporate structure, but this is often the last time they revisit this important aspect of their business.

However, it's essential to recognize that business situations evolve over time. Tax laws change, ownership may shift, and what was the best structure for your business five, ten, or twenty years ago might not be ideal today.

Tom highlights the importance of engaging in a three-way conversation between you, a tax professional, and a business attorney. This approach ensures that your corporate structure aligns with your business situation.

Join us on the Maximize Business Value Podcast as we explore Chapter 22, "Re-Examine Your Tax Status." It's your roadmap to tax efficiency and optimal corporate structure!

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Tom Bronson is the founder and President of Mastery Partners, a company that helps business owners maximize business value, design exit strategy, and transition their business on their terms. Mastery utilizes proven techniques and strategies that dramatically improve business value that was developed during Tom\\u2019s career 100 business transactions as either a business buyer or seller. As a business owner himself, Tom has been in your situation hundreds of times, and he knows what it takes to create and implement the right strategy. Tom is passionate about helping business owners and has the experience to do it.

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