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Piercing the Corporate Veil: Protecting Your Assets | Ep 22
Manage episode 373739426 series 3455678
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"All offense. Finger on the pulse. Everything on your radar." In today’s episode, I’m discussing the importance of understanding legal and tax structures when starting a business. I emphasize the need for due diligence and thorough research to avoid legal issues and protect personal assets.
You’re now tuned into Tender, Love, and Cash - The place where ambitious men and women turn to for business strategies that not only skyrocket their profits, but also position them to serve the masses and make money doing what they love. I can’t promise to always tell you what you want to hear. But I’ll guarantee you’ll get the guidance you need to hear to launch, grow and build the business of your dreams with confidence! Hosted by Amber Anthony.
Timestamps:
(3:06) - LLC protects personal assets; Overlooked corporate governance.
(6:00) - Avoid co-mingling, maintain formalities. Learn about governance and taxation.
(10:53) - Prioritize learning corporate governance to avoid legal issues.
(14:25) - Counsel may offer cookie-cutter answers; due diligence and notes.
(16:36) - Consultations may exceed time limit for accurate advice.
(19:33) - High-quality consultants care and protect clients.
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