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Start 2022 with a bang!! Make sure to review your existing business arrangements and legal requirements in 2022.  And if you are one of the many Americans contemplating starting their business, you must ascertain that your business is set up properly and that you know your rights as a business owner.

My special guest, Michael Safren, a business lawyer from Washington State will help you understand the law as it relates to your small business.  

Don’t miss this important live show because it is important to know and understand what you are getting into when forming your business entity.

Here are some HIGHLIGHTS from this episode.

 07:01 Common types of business entrepreneurs can choose from

08:15 Value of a business entity

08:46 Sole proprietorship

09:13 Limited Liability Company (LLC)

09:31 Corporation

10:36 How do entrepreneurs choose the right entity for their business?

11:55 Advantages of choosing a limited liability corporation

12:41 LLC vs. S corporation 

13:16 Tax implications for C Corporations 

15:14 Understanding your tax regime

16:15 The 4 Ds in business

19:11 Buy and Sell agreement

23:42 Understanding Business Contracts

26:06 Do contracts have to be in writing?

28:05 The Uniform Commercial Code (UCC)

31:42 The scope of business law

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