From Lab to Patient, Garage to Market with Philip Crowley, Episode 4 In this episode of From Lab to Patient, Garage to Market, Philip Crowley speaks with John Pennett, Partner at Eisner Advisory Group LLC, an alternative practice structure that provides business advisory and non-attest services in accordance with all applicable laws, regulations, standards and codes of conduct. John leads the National Technology and Life Sciences Group, bringing over 35 years of experience in public accounting focused on life science and technology companies. Tune in to the episode to hear about:
- Growth and Transformation of EisnerAmper: John Pennett discusses EisnerAmper’s significant growth, including private equity investment and 17 acquisitions, expanding to over 4,500 employees and 30 offices.
- Key Issues for Startups: John highlights critical startup considerations like entity selection, ownership allocation, and financial planning for investor credibility.
- Tax Planning and Benefits: He emphasizes the importance of tax planning for startups, including benefits like Qualified Small Business Stock (QSBS) and Section 83B elections.
- R&D Tax Credits: John highlights federal and state R&D tax credits that can offset research costs and support payroll expenses for startups.
- Challenges for Foreign Companies in the U.S.: He discusses the complexities for foreign companies entering the U.S. market, including tax jurisdictions, entity choice, and regulatory compliance.