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Structuring Multi-Owner Businesses for Success and Minimal Regret

For the first 12 years of my entrepreneurial career, I was the only shareholder in my business, and I didn’t fully appreciate how much that fact really streamlined decision-making, finances, and governance until I brought on shareholders. The truth is that bringing on shareholders opens up a whole new world in terms of possibilities and opportunities, but it also opens up a whole new set of considerations.

So, in this episode, I’m jumping into all the things that you should be considering if you’re thinking about starting—or investing in—a multi-owner business so you don’t shoot yourself in the foot. I’ll be sharing how you can set up governance, what to think about when it comes to compensation, some of the different ways boards can be structured, and even what to consider when it comes to selling the business or its shares. 

You’ll learn:

  • How you can set up governance. (7:10)
  • How can you populate and set up a board. (10:30)
  • How to account for shareholder compensation. (13:30)
  • The different forms of compensation. (18:10)
  • What to consider when it comes to selling the business or its shares. (24:45)

Subscribe: iTunes | Stitcher

(With your host Andrew Youderian of eCommerceFuel.com)

 

What Was Mentioned

Image credit to Mohamed Hassan from Pixabay.



Andrew Youderian
Post by Andrew Youderian
Andrew is the founder of eCommerceFuel and has been building eCommerce businesses ever since gleefully leaving the corporate world in 2008.  Join him and 1,000+ vetted 7- and 8-figure store owners inside the eCommerceFuel Community.

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