In this video, Toby Mathis, Esq. walks viewers through three essential rules for setting up a new business the right way and how to start your business legally.
Would you like to learn more about structuring your business the correct way? Schedule a free consultation here: https://aba.link/gt1
With so much misinformation online, Toby offers a high-level overview to help entrepreneurs avoid costly mistakes and make smart, strategic decisions from the start.
He explains why choosing the proper entity structure—whether an LLC, S Corp, C Corp, or partnership—is critical for protecting yourself legally and optimizing tax outcomes.
You’ll learn how to determine if their business is active or passive, whether it has multiple owners, and how those factors impact their setup.
We’ll emphasize the importance of never doing business in your own name and shares real-life consequences of skipping this key step.
Through clear examples and expert insight, this video helps new business owners protect their assets and avoid unnecessary liability.
If you’re thinking about starting a business or restructuring one, this is a must-watch guide.
📖 Chapters:
0:00 Intro
2:15 Rule #1 Setting Up a New Business
4:06 Don’t Rely on You Accountant
6:09 Which Type of Entity is Appropriate For You?
8:40 Rule #2 Setting Up a New Business
12:25 Rule #3 Setting Up a New Business
14:48 Outro
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FREE TAX & ASSET PROTECTION WORKSHOP
Register for an upcoming workshop today if you want to protect your business and personal assets from snoopy lawyers and creditors. Save Your Seat: https://aba.link/ba60eb
TAX TUESDAY LIVE
Join us every other Tax Tuesday, where you can have your tax questions answered live by our experts entirely FREE. Register Now 👉 https://aba.link/587557
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CONTACT US
Phone: 800.706.4741
Email: info@andersonadvisors.com
Fax: 702.664.0545
ABOUT TOBY MATHIS
Toby Mathis, Esq. is the best-selling author of Infinity Investing: How the Rich Get Richer And How You Can Do The Same. Toby is a tax attorney and founded Anderson Business Advisors, one of the most successful law, tax, and estate planning companies in the United States. Learn more at https://aba.link/tobyaba
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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#newbusiness #businessentity #assetprotection #tobymathis
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