well we like to set up a structure
that includes a variety of different
entities in terms of the structure
i like to have a holding company that
really does nothing other than own the
various entities which are usually
subsidiaries so then we usually set up
subsidiaries that would include uh an
entity that maybe uh manages your
various entities we usually set up a
subsidiary that covers the intellectual
property uh we may set up a subsidiary
that actually sells products if you’re a
franchisor and selling products in terms
of the nature of the entities uh
partnerships are used but not as
frequently as as they as they once were
typically
limited liability companies or
s-corporations are the most likely ones
that are used primarily reasons that
they give you flexibility and they also
have what we call pass-through from a
tax basis so
llcs corporations holding company and uh
different subsidiaries for all aspects
of the business because it gives you
more flexibility both with respect to
your accounting and also if you want to
sell off a unit or bring in a partner to
operate one part of your units