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Business owners should spend about 36 days a year learning taxes and corporate structures like S corps and C corps. Visible wealth attracts lawsuits, and the right entity choice protects your assets from litigation.
Business owners should spend about 36 days a year learning taxes and corporate structures like S corps and C corps. Visible wealth attracts lawsuits, and the right entity choice protects your assets from litigation.
You should probably spend 10% of the year on learning taxes. It's only 36 days a year. No one's doing that in this room, I promise. But it's literally your biggest expense in your company. You understand how to do S corp, C corpse, all these things. Protect everything you're building. Because I promise you, 20, 24 and beyond, people are coming after your. If you even look like you have money, they're going to sue you just because that's what they can do. These lawyers are desperate, man. They just want your money. That's how they get paid. Learn all this stuff to grow.
