In this video, Entrepreneur Network partner Mark Kohler discusses how to protect yourself in a corporation or LLC.
Protecting the corporate veil is vital to prevent yourself from being sued personally in matters related to your business. In order to help you prevent any issues with the law, Kohler shares four suggestions.
From meeting minutes to bylaws, filing corporate records for everything into a record-keeping book is crucial. At the end of every year, you should hold an annual meeting to update these documents.
Using the company name on all documents, marketing materials and legal agreements is also important. It lets people know that the company is doing business, rather than just you alone. In addition, making sure that your company is on title for any assets or equipment the company owns will help you avoid any legal trouble.
To learn more about protecting yourself, play the video above.
Watch more videos from Mark J. Kohler on his YouTube channel.
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