Services

Entity Selection

• Comprehensive analysis for choosing the most suitable legal entity for licensed businesses, whether a business is new or taking the next step in its growth.
• Experience in navigating residency requirements imposed by beverage-alcohol laws and regulations in various states.
• In-depth understanding of entity treatment and limitations under the Internal Revenue Code. For example, Subchapter S corporations have restrictions on who may own them and how stock can be classified and issued.
• Guidance on the flexible rules governing LLCs, balancing flexibility with potential formation costs. Assistance with meeting publication requirements associated with forming LLCs.

Business Growth and Maintenance

• Assistance with compliance with federal and state laws regarding reporting changes to a licensed entity’s structure.
• Crafting shareholders’ agreements and membership agreements to anticipate and address potential issues. For example, strategic drafting can prevent business owners and investors from losing a license due to the actions of a single shareholder or member.

Regulatory Considerations

• Providing assistance and advice when planned changes require notice to or approval from regulatory entities.
• Analyzing disclosure requirements for regulated businesses and strategizing corporate structures to maximize client goals.
• Collaborative support for businesses and tax advisors in navigating regulatory processes.

The Danow Group is committed to helping businesses and their tax advisors select, grow and maintain a legal structure aligned with their goals, particularly those operating in highly regulated industries.