CLA manufacturing professionals make regular guest appearances on the MakingChips Podcast: Machine Shop MBA series. Get valuable real-world insights to help you start, run, and grow a successful manufacturing business.
Build a strong business foundation and plan for flexible growth.
Episode 458
Shop Formation 101: Entity Types, Tax Traps, and Long-Term Strategy In this Machine
Shop MBA episode, discover how to form your shop with the right entity type by gaining the insights you need to make informed decisions and structure for growth. CLA’s Nick Vargosko and Brad Boettcher discuss sole proprietorships, LLCs, S Corporations, C Corporations and partnerships and why entity choice impacts your organization's future.
Get insights on asset protection, tax and exit strategies, and positioning for investment or sale. Don't miss these real-world insights on building a scalable manufacturing business.
Episode 459
The Legal and Financial Stuff No One Warns You About When Starting a Machine Shop
Many people dream of launching a manufacturing business, but missing crucial steps like legal structure, tax setup, and insurance can derail that vision.
In this episode of MakingChips, CLA’s Nick Vargosko and Brad Boettcher discuss practical steps to start your shop strong. They cover choosing and registering your business entity, avoiding pitfalls with your business name, acquiring necessary documentation, and planning for scalability and growth.
Learn from cautionary tales and discover steps to help prevent trouble, reduce risk of audits, and maintain control of your business. This episode is essential for aspiring shop owners, side hustlers-turned-founders, and anyone helping others start a shop.
Episode 460
Funding Your Dream Shop: Creative Ownership Strategies You Haven’t Heard Yet
If you’re hoping to own a machine shop but are running into money issues, you’re not alone. In this episode of MakingChips’ Machine Shop MBA series, host Mike Payne interviews Jon Hughes, Principal and CFO Consultant at CLA, to discuss the financial aspects of establishing a manufacturing business.
Starting with substantial savings is often seen as necessary, but we learn why purchasing an existing shop — even with older equipment — could be less risky than starting anew.
This conversation focuses on sustainable funding. From evaluating personal financial capacity to crafting a comprehensive financing approach, Mike and Jon share essential tools and how to present a financial plan that attracts bank approval.
How CLA can help you start, run, and grow a business
CLA offers a range of professional services and guidance to help potential owners build and nurture a scalable and successful organization while avoiding common pitfalls:
- Entity types and business formation
- Tax strategies and compliance
- Legal and financial setup
- Funding and financial planning
- Business insurance and facility considerations
Contact us
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