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Toby Mathis
Top 4 Costly Mistakes To Avoid When Creating Your Business Entity
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In today’s episode, Toby Mathis, Esq. welcomes his long-time business partner, Anderson Advisor’s Michael Bowman, Esq., back to the show.

Michael shares four of the top mistakes he sees when people file incorporation papers to set up a business. From simple things like using a business (not your home) address, to utilizing the correct paperwork and formats, to keeping excellent records and bookkeeping, Michael and Toby discuss interesting real stories they’ve witnessed or been part of, to illustrate each point.

Highlights/Topics:

  • Many mistakes will end up in court
  • The top 4 repeated mistakes- incorrect address is number one
  • Registered agents
  • Banks need a business address in order to loan you money
  • Organizational paperwork – By-Laws vs. Operating Agreements
  • Co-mingling – Business vs. Personal
  • Books and recordkeeping

Resources:

Michael Bowman LinkedIn

Tax and Asset Protection Events

Toby Mathis on YouTube

Anderson Advisors

Full Episode Transcript:

Toby: Hey, guys. Toby Mathis here, and I have Michael Bowman who has been my partner for God knows how many years.

... Read Full Transcript