Feb 21, 2019
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.
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ARTICLE TRANSCRIPT: BLOG: Stay Savvy... The Basics That Minimize Risk to Your Business
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
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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