The Risk Management Department: Entity Selection

14:59
 
Share
 

Manage episode 227733875 series 1923829
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

In episode 132 of Financially Simple, Justin looks at the Legal aspects of Entity Selection.

When establishing your business, it is important to make sure the business is registered with the appropriate authorities as the proper business type and that all your supporting documents are in order. Justin goes over the processes and pitfalls of setting up a business as a legal entity, with a few examples of some common dos and don’ts.

TIME INDEX:

00:33 - The Risk Management Department: Entity Selection

02:03 - Operating as a Sole Proprietor or a Company

03:52 - Lawyer Up

04:05 - Operating Documents

07:05 - Review Your Operating Agreement

08:05 - All Fees Paid

09:21 - No Co-Mingling!

12:46 - Summary

USEFUL LINKS:

Financially Simple

Financially Simple on YouTube

Financially Simple on Facebook

Financially Simple on Twitter

5 Different Business Types

DISCLAIMER:

Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.

148 episodes available. A new episode about every 3 days averaging 17 mins duration .