Business Structure

Using the wrong business structure can mean certain failure, especially for a cannabis business.  After analyzing your situation and objectives, we can craft and implement the optimal business structure for your enterprise.  With the right structure in place, you will:

  • Reach your goals faster
  • Maximize your profits
  • Minimize your risk
  • Have more fun doing business

280e Planning & Strategy

Effective 280e strategy starts with maximizing cost of goods sold (COGS) deductions.  Don’t expect any help from the IRS in this department.  Frankly, it is all up to you and your advisors to get this right.  We begin by designing your accounting system to properly collect transactional data and make appropriate allocations to COGS on a transaction by transaction basis.  Generally, we use online accounting software that allows us to remotely support our clients bookkeeping staff.

Tax & Wealth Strategy

Taxes are the single largest expense for most cannabis businesses.  Unlike many firms, we are very proactive in our approach reducing taxes.  We are constantly on the lookout for creative ways for our clients to legally pay less.

Payroll

Treating your workers as Independent Contractors is a big mistake that can cost you thousands of dollars in penalties and additional taxes.  Don’t risk it!  It is just one more reason for the IRS to audit you.   Our payroll system is very flexible and was designed to support cannabis employers.  You can even pay employees and taxes in CASH if you like.

Venture Funding

If you need to raise capital for a cannabis business or project, chances are we can help.  We have extensive knowledge and experience with all types of exempt securities offerings, including all the new “Crowdfunding” options.  With our help, you can get your deal funded fast,  at the lowest cost and on the best terms available.

Banking & Dealing With Cash

While banking is still a problem in the cannabis industry, we have effective strategies that can help any cannabis business get and keep a bank account.  When it comes to dealing with cash, we draw on our extensive experience in the gaming and entertainment industries.  We can show you how to properly document all cash receipts and disbursements so you can stop worrying about an IRS audit.

Start Ups & Acquisitions

If you are looking to start or buy a cannabis business, we can design a package that will give you everything you need.  From understanding registration and reporting requirements, due diligence investigation, setting up an accounting system, 280e analysis, business structure, capital requirements, and cash flow planning.  We will help you avoid common mistakes that cost you time and money.

Virtual CFO Services

If you are ready to take your cannabis business to the next level and want to greatly accelerate the process.  Our Virtual CFO Services will put a world class CFO on your team.  Then using our propriety process of Guided Optimization™ we will work with you to create the business of your dreams.