E19: Meet My Attorney, and Avoid Being Fined $10k+ | Garrett and Ted Sutton

Cash, and Jordan sit down with renowned asset protection attorneys Garrett and Ted Sutton. Together, they discuss the importance of legal entities like LLCs in safeguarding personal and business assets. They emphasize the need for proper entity setup and maintenance to prevent legal vulnerabilities and share insights on a new federal law affecting all U.S. businesses called the Corporate Transparency Act. Ted shines a light on the significant value of teaching kids about finances and how to go about doing so. 

Guest Bio and Links:

Garrett Sutton is a corporate attorney, asset protection expert, and best-selling author who has sold more than a million books to guide entrepreneurs and investors. Ted Sutton is a licensed attorney and the son of Garrett Sutton. Listeners can connect with Garrett and Ted at their website: https://corporatedirect.com/ or on YouTube @corporatedirectinc 

Resources: 

Create a free student account and start learning from The Millionaire Hairstylist: www.millionairehairstylistpodcast.com

Rich Dad Poor Dad by: Robert Kiyosaki

Learn More about the Corporate Transparency Act

Books written by Garrett Sutton

Show Notes: 

• [0:00] Introduction
• [1:30] Jordan introduces our guests, Garrett and Ted Sutton
• [2:10] Learn more at www.MillionaireHairstylistPodcast.com 
• [4:00] The journey to becoming asset protection attorneys
• [6:00] Veil Not Fail: Protecting Your Personal Assets from Business Attacks
• [6:55] Understanding corporate veils, LLCs, and asset protection for your company
• [11:45] Litigation risks for small business owners
• [13:00] State variations in LLC formations
• [15:30] Further your financial education at www.MillionaireHairstylistPodcast.com 
• [16:45] The Toxic Client: Knowing and Avoiding Problem Customers
• [20:30] Things in 2024 that business owners need to look out for
• [24:50] Corporate Transparency Act and what you need to know
• [30:30] Questions business owners should be asking asset attorneys 
• [32:35] The Five Tricks to Teach Your Kids About Money - COMING SOON!
• [39:40] The corporate formalities