In our modern economy, companies should attempt to cut costs wherever possible. But at some point companies hit a wall where additional cost reductions do not seem possible. Often, these cost walls develop because of overly complex corporate structures. Entities that were formerly useful can become burdens when their purpose disappears. Sometimes these entities remain from a merger or acquisition or may have been formed to facilitate a now defunct tax strategy or to hold a formerly important line of business. To get to the next level of cost savings, it is often necessary to look at the company’s legal structure, the company’s backbone. Continue reading “Streamline Your Company’s Legal Structure for Savings”