Piercing the Corporate Veil - The Four Shields of Prevention - Cheri S. Hill
Code: 7012_10
Price: $9.95
An Exclusive from Sage International, Inc.
Statistically, 7 in 10 entrepreneurs and investors don't know the facts about owning a corporation or limited liability company in these litigious times.
The Facts of Corporate Life
Fact #1 - Business organizations are founded upon statutory authority. They obtain life from the applicable state law, which authorizes their powers, prescribes their rules and requirements and controls the internal relationships between the owners. To skirt around or sidestep important organizational formalities invites serious questions as to the legal status of your organization.
Fact #2 - As the owner of a corporation, whether it's a C, S or an LLC, you are required by your state to document every major business activity. If your corporate records are not in order and you are sued, the court may not recognize you as a legal entity. You will lose all liability protection and tax benefits. In fact, it could be the most dangerous game you can play in the corporate world today and so many business owners are unknowingly playing it.
Fact #3 - Sooner or later the ownership interest of your business will change hands. It is a huge mistake to ignore this fact since often the result is major conflicts that literally destroy a company. The same is true for family owned businesses. To think that families are always harmonious and that severe discords never arise among parents, siblings and children is patently foolish. In truth they fight, in some cases, with a savagery that makes most business battles look like petty squabbles.
Ignore these facts and you have a Giant Bulls-Eye Painted on your Back. The IRS, State & Federal Government, Creditors, Co-Owners, Disgruntled Employees, and Ex-Spouses will take aim locking you directly in their sights.
In this LIVE SageAdvisersT Teleseminar Series I identify Four Shields of Prevention to keep you legitimate and protected!
Keep up to date on all SageAdvisersT Teleseminars by checking out our calendar of events. We look forward to hearing you on the line!
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