How do you protect your business? So if you've got a small business or maybe a medium-sized business, one of the number one mistakes that we see people make time and time again is they keep a lot of cash in their business.
Learn all about protecting your business by watching founding partner, Clint Coons, Esq.’s video, [ Ссылка ]
Now maybe you're saying, well, I need to keep that cash in my business for business operations. We get it, that does happen.
But here are some things we want you to think about when it comes to protecting your business.
So let's say we had this corporation here. It could be an LLC. It really doesn't matter. So here's our entity.
And inside of this entity, let's say it had $400,000 cash. Well, why would you leave that money inside your entity? Because by leaving it inside of your entity, if something goes wrong with the business, they're going to sue and try to collect this.
So what you should do is distribute out, let's say 300 of that. We'll pull out of the company, put it into our personal name, and then we will move it over here into a separate LLC. So think of this as your banking entity.
Sign up now for a FREE strategy session to make sure your business is set up to succeed, [ Ссылка ].
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FREE REAL ESTATE INVESTMENT STRATEGY SESSION
Claim Your FREE 45-minute Investment Strategy Session to receive business planning tips and asset protection. 👉 [ Ссылка ]
FREE TAX & ASSET PROTECTION WORKSHOP
Learn about Real Estate & Asset Protection from Clint Coons, Esq. and Toby Mathis, Esq. at our next all-day free Live Stream 9 am to 4 pm PT. on Saturdays. Our attorneys and specialists will answer ALL questions: 👉 Save Your Seat: [ Ссылка ]
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FINANCIAL PLANNING & RESOURCES
Download your free copy of Un-Tax Yourself eBook and discover the secret to real estate wealth is in the tax deductions. [ Ссылка ]
For financial strategies, podcasts, articles and details on upcoming workshops visit [ Ссылка ]
Here’s a little about me and my book Asset Protection for Real Estate Investors
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT CLINT COONS
Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
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