In Show 117 – Fast Fix Monday 3 Questions to Consider About Your Structure originally broadcast on Facebook Live on Monday 6 August 2018 we explore this interesting topic.
Today on Fast Fix Monday we discuss the top three things you need to consider when structuring your business
1. What is your goal?
You need to have a clear idea about what you want to achieve with your company. IF you are planning on selling in the near future that will dictate a different kind of structure than if you want to continue to run the company for decades.
2. What is your current situation?
Make sure you get good advice about using the current structures you already have in the new business.
3. Get good advice
You don’t know everything. Get good professional advice.
More about this Show
We started Business Legal Lifecycle to create a simple way for you to understand complex legal terms. Most importantly we want to help you to develop a plan to take your business successfully into the future. There’s a startling statistic the underscores the importance of developing a solid plan. The majority of business owners are just seven months away from losing everything. A single aspect of your business that is not set-up correctly can shut down your whole operation very quickly. Legal advice is not cheap and even when you can afford it there is often a divide between lawyers and their clients. We want to close that gap once and for all. We want to put legal knowledge and tools into your hand to prevent the worst from happening to you.
Twice a week we are going to deliver those tools right to your home or office with Business Legal Lifecycle TV. We’ll start the week with Fast Fix Monday, a short 5-10 minute video that will tackle a single issue that businesses have to deal with. Then on Wednesday’s our main show will feature with more fulsome discussions and interviews all delivered in a straightforward and easy to understand format.