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Ownership Structure of the Entity Template Form

Ownership Structure of the Entity Template Form

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so the day we talk about the dangers of not forming your entity completely properly and one of the best ways to do that is to use one of these entity mills that forms your enemy for like a couple hundred bucks so first of all if you're forming an entity like an LLC or a corporation it's really important that it's done right and that goes beyond just registering it with the state right like you need all your corporate documents or LLC documents if your operating agreement or your bylaws all this stuff needs to be done correctly so that you get the full benefit of that entity it's not done correctly you could suffer tax consequences the entity could lose its asset protection value a court could just set it aside pierce the corporate veil and grab the assets basically like the enemy could just not serve the purpose for which you form it which winds up costing a lot more than the money you save to form an entity for a couple on a box you know I've seen operating agreements that reference l

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