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This podcast breaks down what a closely held business is, business formats such as LLC LLP and S   Corp, and the role of accountants and other business advisors.

Welcome to "The Bottom Line"

   

Welcome to the debut of “The Bottom Line,” a podcast specifically designed for closely held businesses. Our guide is EisnerAmper’s manager of private business services, Tim Schuster. In this episode, Tim breaks down what a closely held business is, the alphabet soup of different business formats such as LLC and S Corp, and how this all impacts the role of business advisors. We’ll also get a sneak peek at other topics we’ll tackle in the near future regarding this noteworthy market segment.


Transcript

Dave Plaskow: Hello and welcome to The Bottom Line. This podcast examines the business and finance issues faced by closely held and private businesses. We hope to provide you with news you can use in what we like to think of as a jargon-free zone. In this, the debut issue of The Bottom Line, we thought it made sense to start with the essence of a business - how it chooses to see itself in relation to how others view it. I’m your host, Dave Plaskow, and with us today is Tim Schuster, a manager in EisnerAmper’s Private Business Services Group. Tim welcome to this maiden voyage of The Bottom Line.

Tim Schuster: Dave, I’m glad to be here. This is going to be fantastic!


More Podcasts in This Series
The Importance of Having an Emergency Fund

In the wake of the government shutdown, Tim Schuster offers tips on creating an emergency fund. To avoid living paycheck to paycheck, Tim suggests putting money into a separate savings account, as well as a portion of any windfalls. Emergency funds should include medical expenses.


Why the Sandwich Generation Needs to Talk Finances

Tim Schuster from EisnerAmper’s Private Business Services Group talks about the family issues and financial burdens for members of the sandwich generation - those individuals who are responsible for raising their children as well as caring for aging parents.



Mr. Schuster is a Manager providing tax compliance services to individual filers, as well as assistance on tax returns for companies in the manufacturing and real estate industries.

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