Don't Lose Your Personal Assets If Your Corporation Is Sued!

If you have a corporation, there is a 95%   chance your corporation is not protecting your personal assets if you get sued.  

If you are thinking about creating a corporation, make sure you do it the RIGHT  way so your personal assets will be protected from any corporate creditors.

I have seen many corporations that were set up wrong some even by attorneys. 

Sign up for my FREE  9 day E Course and let me show you how to do it the RIGHT  way for NO COST.

You will find many websites about incorporating on the internet.   

They are TELLING you this and TELLING you that or  

SELLING you this and SELLING you that  

But if you pay close attention, very few of them, if any, are by licensed attorneys. 

Why  ????? 

Because attorneys don’t like to give away their secrets. 

UNTIL NOW 

I am an attorney licensed in two states with over 15 years experience  

In my E Course, I give you everything you need to incorporate and or maintain your corporation the RIGHT  way for FREE  .  

All of my secrets, sample documents and knowledge for NO COST.   

In the Incorporation E-Course you will: 

·         Learn how to set up your corporation in any state including links to all fifty states for forms;
 

·         Receive suggestions on what state to incorporate in, it is closer than you may think;

·         Learn how to name directors and officers of the company including a downloadable sample resolution;

·         Create your organizational minutes or have an organizational meeting depending on the laws of your state including sample language for these resolutions;

·         Learn how to get your Federal Tax ID in minutes

·         Learn all you need to open up a corporate bank account and why this is so important;

·         Draft Bylaws including a downloadable annotated sample set of Bylaws;

·         Correctly capitalized the corporation by selling stock to yourself;

·         Learn how important the proper on going corporate records and minutes are;

 

·         Learn how to sign documents and deposited checks with the correct signature. 

 Don’t be fooled into thinking all you have to do is file the Articles of Incorporation with your state and your personal assets are protected. 

There is much more to it than this.   

YOU MUST follow  ALL  of the CORPORATE FORMALITIES to obtain and retain your corporate veil of personal liability protection. 

There are eight of these corporate formalities.  For simplicity I split them into two categories, Financial and Records.  

FINANCIAL 

The financial category contains three of the corporate formalities that must be met.  

1.       Correct Capitalization of the Corporation 

2.     Don't co-mingle personal and corporate funds 

3.     Maintain the proper insurance for your company and industry 

RECORDS 

The records category contains the other five of the corporate formalities that must be met.  You need to maintain the correct corporate records (paper trail) 

1.       Proper Initial Corporate Records and minutes  

2.     Proper On Going Corporate Records and Minutes  

3.     Signing documents and depositing checks with correct Signature Block  

4.     Actually issue Stock to yourself as an owner either by certificate or stock register  

5.      Take Company Action wearing the correct hat, Shareholder, Director or Officer  

If you are not strictly following each one of these 8 corporate formalities your personal assets are at risk. 

Each one of these is covered in depth throughout the course.   

If you do it the RIGHT  way you will protect your home and savings from the corporation’s creditors 

If you do it the wrong way, you risk losing the personal assets your have worked so hard to earn. 

Yes this E course is FREE  , you don’t need to pay me one dime 

If you came to see me in my office to start your corporation it would cost you over $300.00  just to sit with me for the first hour consultation. 

This doesn’t get your business incorporated, it gets you the opportunity to sit and talk to me for an hour. 

Most of this hour you are telling me about you.  That’s right, I do very little for you in this first hour. 

To complete your corporation it would cost you another $700.00 - $1,200.00 

Do you want to pay this kind of money to me or another attorney??? 

Of course you don’t 

Learn how to do it yourself. 

Still not convinced, read about Larry and Maria   

Larry and his wife Maria sat in my office both in tears.  How could this happen they asked?   They said they filed the document with the Secretary of State when they created the corporation.    

One week earlier, the sheriff knocked on their front door and served them with an eviction notice.  Their home that they had bought 10 years earlier was no longer theirs.    

Larry purchased a franchise restaurant and entered into a lease agreement to rent space in the local mall.  It looked so easy because this franchise was key ready.  The franchisor recommended that he set up a corporation to protect his personal assets.  Sounded like a good idea so he tried to do some research.    

Larry talked to an attorney who quoted him a figure of $2,000 to set up his corporation. He didn't know how he could afford this plus all of the franchise fees.  They talked it over and decided this was too expensive.  Why did attorneys have to charge so much?    

They found an online incorporation service that would only charge a fraction of what the attorney would plus the state filing fee.  They still were not sure about this.  A co-worker of Maria told about her husband going to the secretary of states office to do it himself.  He filed a document and he had a corporation, it was simple.  This is what Larry did.   

The business didn't do so well and after nine months, Larry facing mounting bills was forced to close the doors.   They had used all of their savings and that still wasn't enough.  Bankruptcy was not an option because of one prior 5 years ago.   

The lawsuits started and Larry was named as a defendant along with the corporation.  The corporation did not have any assets so guess who they were coming after.   

There was nothing I could do to help Larry and Maria. Larry had no corporate records, initial organizational records or ongoing minutes. He had also signed the lease and other loans without designating himself as an officer of the company.    

Don’t be like Larry and Maria ACT NOW IT’S FREE 

What have you got to lose, EVERYTHING