John Dimmer came to our class to speak last Thursday. Andrew mentioned that John's talk was his favorite. I think this is because John and Andrew started up Free Range Media together :)
John played golf at the University of Oregon. He graduated from University of Oregon with a degree in finance and started his career at Puget Sound Bank. After working at Puget Sound Bank, John went on to work at Alliance Surety Bonds which he learned a great deal about accounting. John then became an entrepreneur. He is a managing member at Firs Management, an investment firm that invests in startups, owns a Honda Dealership, and Airstream, trailer dealerships in different states.
John also talked about the differences between legal structures your company can form. The three types of legal structures he mentioned were LLC, C corporation, and S corporation. LLC reminded me of Quizlet LLC. C corporation is the most common legal structure. C corporations pay federal income taxes from its income. S corporations are not subject to a federal income tax as the shareholders will bear the burden of paying the federal income tax.
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