Olsen Thielen Advisor Blog

Year-end is the traditional time when manufacturers and other business entities conduct productive employee performance reviews. Unfortunately, reviews are often done as quickly as possible, with little thought given to providing the type of feedback to employees that will ultimately help the company achieve its strategic goals.

The tax implications when selling a manufacturing business can impact your tax bill and therefore, your net proceeds from the sale.

Manufacturers need to conduct a periodic review of their buy-sell agreement and modify its language to reflect changing circumstances.

A company's structure affects taxes and for decades, owners of small to midsize manufacturing companies have opted for the S corporation form of ownership, rather than being subject to the double taxation of C corporations. However, in recent years the limited liability company (LLC) has become another popular alternative.

The 2022 State of Manufacturing results are in! Minnesota manufacturers are now preparing for yet another marketplace headwind.