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11. Protecting Personal Assets
Starting a business can be risky. Before starting out on your venture, you want to make sure that important assets like your family home are protected. That way, if business doesn't go so well, creditors can't take away what is most important to you.
Partner at Godfreys Law, Brad McDonald discusses with fellow Partner Philip Sewell the importance of Trusts and making sure your assets are protected, including:
- Being wary of personal guarantees;
- Creating and maintaining a Trust; and
- How to work with all your trusted advisors to get the best result.
The Real Solutions Business Podcast is…
The skinny
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