Solo Brands Streamlines Structure to Simplify, and Reduce Future Taxes

Solo Brands announced that they are going to simplify their corporate structure into a more traditional one that will provide tax and reporting benefits. They used an umbrella partnership C corporation, or Up-C, structure through their IPO becuase of the tax benefits of pre-IPO shareholders.

They are going to convert Solo Brands Class B common stock into Class A shares, so they’ll just have one class of stock. They also are going to get rid of their Blocker entity that likely sits between their consolidated entiting and an operating subsidiary.