122. How to Maintain your Limited Liability Status

Own Your Genius with LaConya Murray

Welcome to the latest episode of the Own Your Genius podcast! In this insightful installment, we dive into the crucial topic of maintaining limited liability for your business. Join us as we explore the concept of piercing the veil and discuss the essential steps you need to take to safeguard your personal assets and maintain your business's limited liability status.

Attorney Murray provides valuable insights into adequately capitalizing your business, ensuring compliance with corporate formalities, separating personal and business assets, conducting business ethically, and establishing a distinct business identity. These measures are vital for protecting yourself from potential legal and financial risks.

Whether you're a business owner, an aspiring entrepreneur, or simply interested in understanding the intricacies of limited liability, this episode offers practical advice and key considerations to help you navigate the complexities of business ownership.

Don't miss out on this enlightening episode that empowers you to make informed decisions and fortify your business's financial security. Tune in now to learn how to maintain your limited liability and protect what matters most. #OwnYourGenius #LimitedLiability #BusinessProtection

Today's episode covers:

• What limited liability is

• How to maintain limited liability

• What does piercing the veil mean

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