Growing Profits 30% in the First 1.5 Years

And so as I've been the sort of this business, I try to be mindful of that and like, you know, do simple things for, for the employees today. So we've improved the benefits and, and so we've done better, have improved the bonuses, have improved the equipment that people are working on and so just trying to find ways to like reinvest and just make this something that benefits a lot of people.…

Beautiful stuff, sir. Love it. I heard you say F Reorg.

Define for people what that is and tell us what you can about the process of actually doing one, which is messy.

Legal disclaimer. I'm not a lawyer, so definitely seek both tax and legal advice. But in a nutshell is a way, and I only learned of this and this was actually like, like the benefit of having a seller that has like really good advisor because he actually presented this to me is that it's a way for you to do a stock purchase but then have some of the benefits of a asset sale.

And so there, there, there's a lot of different things you need to sign and the actual mechanism by which you go through it, you need to convert, because it was an S corp, you have to convert it to an llc, which then you can sell. And so there are a lot of steps but Essentially it's a way for you to do a stock purchase but have some of the benefits of an

asset sale and the benefit that you wanted, the key benefit typically is leaving behind some liability.

Liability. Yes. Yeah.

Yeah, exactly. Okay. Well, for anybody who's interested in learning more about that, we've had a number of webinars on f reorgs. You mentioned Sam Rosati. I think Sam did one on every orgs probably two years ago now.

I mentioned Barlow and Williams. They've done one, if not two sessions where we talk about f reorgs. So go to the webinars page on acquiring minds everybody and, and you'll.

And you'll see some. And search for f hyphen reorg and you'll see some, some stuff in there.

Yeah. And on that I should just really want to take a moment to say thank you to Sam because there was a change in, in, in the deal team and, and he came in at, at like the, the, the, the last hour to come in and help get the deal across the finish line. So I'm forever grateful to him for doing that and had no idea that while he was helping me do that, he himself was running his fencing.