July is a special time of the year. It is a time for family trips, vacation time, seeing relatives and friends, barbecues, swimming, summer concerts, and fun at the cabin!
It’s also the month we celebrate our independence and freedom as a country. So this month of July, my goal is to help you maximize your independence in your business from:
- Lawsuits (Separate your personal and business assets and form an LLC or corporation to protect you and your family from devastating, unpredictable lawsuits). Avoid the $99 corporations -which is like buying a car without brakes!
- Taxes (Operate your business as a business, not a hobby, maximize your meals, travel and entertainment expenses, and bullet proof your records from an IRS audit).
- Death (Will you’re loved ones be protected when you pass on? Will all your assets and all you worked for being tied up in the probate courts? Proper estate planning is a must to protect your family’s future).
I’m going to share high-level strategies, ideas, tools, and concepts that will allow your business to achieve its independence and freedom that you deserve.
Remember to put you and your family in the best position to be independent. Even if you are already financially independent, are all your assets protected from attack?
If you are building your financial independence, every dollar counts in taxes saved, which may be reinvested to help you grow and expand.Tags: asset protection, incorporate, July Independence, LLC