4 ms·
lsc makes some good points. One of the biggest, which I'll reiterate because it's so big: Run your business like a business! Hold board meetings, even if it's
by markstansbury 16y ago
lsc makes some good points. One of the biggest, which I'll reiterate because it's so big:
Run your business like a business!
Hold board meetings, even if it's just you and your mom. Keep separate bank accounts, even if it's just for 40 bucks. Make everything look legit, so when it comes before a court the court can say it was an independent entity. (Courts prefer to say that.) In other words, don't treat your business like it's your personal piggy bank. That will lead to pain.