32 – How to set up LLC (and keep your liability protection)

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How to set up LLC

-Choose a name that isn’t taken or trademarked

-File articles of organization

-get an operating agreement

-update all contracts, insurance policies, permits, licenses

 

 

 

Top ways to not pierce the corporate veil

  • Always sign for your entity
  • Use regular entity name on legal documents
  • Separate business accounts
  • Ask all payments be made to the entity and not to you personally
  • Check commercial leases/contracts for personal guarantees
  • Separate insurance accounts

 

Full Transcript coming soon!