35 Years of Wealth Building GONE in a Single Mistake? скачать в хорошем качестве

35 Years of Wealth Building GONE in a Single Mistake?

Most business owners assume their LLC offers complete protection. The truth? Gaps in your structure could put everything you’ve built at risk. In this episode, Tim Lyons, a partner and co-chair of the Business Litigation Department at Jardim Meisner Salmon Sprague & Susser, P.C., breaks down the real risks that leave entrepreneurs vulnerable. Tim is a certified civil trial attorney specializing in business governance, liability protection, and partnership disputes. He has been designated by the Supreme Court of New Jersey as a Certified Civil Trial Attorney, an honor given to less than 2% of attorneys in New Jersey, and is a lifetime member of the Million Dollar Advocates Forum, a prestigious group of trial lawyers. With years of experience in complex commercial disputes, Tim shares invaluable insights on the complexities of business ownership and the importance of protecting your personal assets through the right legal structures. From inadequate insurance to overlooked governance flaws, Tim also warns of the hidden liabilities most entrepreneurs miss and the critical steps you can take to avoid them. As business owners near retirement, Tim stresses the importance of revitalizing business value through strategic planning and sound financial management, ensuring that their legacy is properly protected. Tim holds a Juris Doctor from Seton Hall University and has represented clients in both state and federal courts, focusing on issues like breach of contract, business torts, and company disputes. His experience and insights are essential for any business owner looking to safeguard what they’ve built. Subscribe for practical strategies that protect your business and personal wealth. Chapters: 00:00 Introduction 2:27 Why LLCs Aren’t Bulletproof 5:00 One Legal Mistake That Nearly Destroyed a Business 7:00 The Hidden Liabilities Most Entrepreneurs Overlook 9:38 How Poor Governance Drains Wealth 26:38 Partnership Pitfalls That Cost Business Owners Millions 44:13 Protecting Business Value Before Retirement 45:47 When Relationships Go Sour: Legal Lessons for Owners 51:03 Building a Defense-Ready Business Team Enjoyed the episode? Make sure to like, subscribe, and leave a comment with your thoughts. Don't miss out on future insights from John Smallwood! Work with Smallwood Wealth Management Learn more about Smallwood Wealth: https://smallwoodwealth.com Schedule a free 15 minute introduction: https://go.smallwoodassociates.com/co... Connect with Us On Social Media Instagram:   / smallwoodwealth   LinkedIn:   / john-l-smallwood   Facebook:   / smallwoodwealthmanagement   This communication is strictly intended for individuals residing in the states of CA, CO, CT, DC, DE, FL, GA, IL, LA, MA, ME, NC, NH, NJ, NM, NY, OH, PA, RI, SC, TX, UT, VA. No offers may be made or accepted from any resident outside these states due to various regulations and registration requirements regarding investment products and services. Investments are not FDIC- or NCUA-insured, are not guaranteed by a bank/financial institution, and are subject to risks, including possible loss of the principal invested. Fixed insurance products and services are offered through Ash Brokerage or Smallwood Associates, Ltd. Fixed annuities are long-term insurance products. Before you purchase, be sure to talk to your financial professional about the annuity's features, benefits, and fees, and whether the annuity is appropriate for you, based on your financial situation and objectives. All guarantees are based on the continued claims-paying ability of the issuing company. Investment Advisory Services are provided by Smallwood Wealth Investment Management, LLC, an SEC-registered investment advisor. Headquartered at 199 Broad Street, Red Bank NJ 07701-2056. Securities offered through Regulus Financial Group, LLC. Member FINRA/SIPC. Headquartered at 2687 44th St. SE Kentwood, MI 49512. Regulus Financial Group, LLC and Smallwood Wealth Investment Management, LLC are not affiliated companies. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE, INCLUDING LOSS OF PRINCIPAL. NOT INSURED BY ANY STATE OR FEDERAL AGENCY.