If you are one of the many business owners thinking, “I’ve incorporated, now what?” Remember that as a business owner, you have a powerful tool in your Corporation or LLC if you follow the rules. You will learn: -The top 10 mistakes business owners make that can cost you everything. -The myth's behind LLC's. -Secure your financial future for long-term prosperity. -Gain the insiders edge when it comes to maximizing your tax deductions. -Dramatically reduce your risk by establishing a secure corporate fortress

1. Aaron Scott Young Presents:
Building Your
Corporate
Fortress

2. About Us
Our mission is to help entrepreneurs start,
grow, and profit from their business.
• Corporation, LLC, and Non-Profit Formation
• Lawsuit Protection Planning
• Estate Planning
• Corporate Compliance Services
• Trademarks

3. • Asset Protection
• Tax Reduction
• Veil Protection
• Exit Planning
What You Really Want
• Receiving The Life
You’ve Dreamed Of
• Asset Liberation
• Cash Expansion
• Life and Muscle
For Your Business

4. “Begin With The
End In Mind”
-Stephen Covey
The Blueprint
Key To Your Success

5. Building Your Fortress

6. Business Risks
• Copyright Disputes
• Your kids
• Accidents on the job
• Contracts / JVs
• Hiring & Firing
• Discrimination & harassment claims

7. Free Risk Assessment
A Link to complete this assessment will be provided at end of
presentation.

8. Why Should Entrepreneurs
Use Corporate Structures?
• Asset Protection
• Tax Savings
• Protect Against
Creditors
• Estate Planning
• Prestige and Credibility

9. “I decided to become an LLC because I owned
property, and the thought of it being taken
away if I was sued was a scary thought! Also, it
made me feel like a professional business lady,
and I like tricking myself into thinking that I
am.”
- Michelle Ward,
When I Grow Up Coach

10. Making The
Right Choice

11. Sole Proprietor
• Total Risk (No Liability Protection)
• Limited Deductions
• Limited Business Financing Options

12. Ideal for a
C-Corporation
• Multiple Employees
• Angel or Venture Funds
• Visions of Going Public
• Stock Incentives
• Multiple Rounds of Funding

13. Ideal for an
S-Corporation
• Home Office
• Few Employees
• One Owner
• Freelance Work
• Zero Desire For Investor Funds

14. Ideal for an LLC
• Management Flexibility
• Small Group Of Engaged Owners
• Good Choice For Real Estate
• Flexibility In Distribution
• “In kind” Investment For Membership

15. I AM NOT THE
CORPORATION:
THE CORPORATION IS NOT ME!

16. You Can Turn
Everyday Expenses
Into
Business
Deductions

17. Corporations
and LLC’s
can provide
a life of deductions

18. Pre-Tax Life
Accounting Fees, Advertising, Air Conditioning,
Airplanes, Assistants, Automobiles, Baby Sitting, Bad
Debts, Sponsorship, Boats, Bonuses,
Bookkeeping, Alarm Systems, Business Awards,
Business Consultants, Disability Plans, Decorating,
Entertainment, Legal Fees, General Business
Insurance, Vehicles, School, Health Clubs, Research,
Medical Bills, Interest, Travel, Equipment, Seminars,
Technology, Insurance, Entertainment, Braces,
Education, Property, Loans, Massage, Gardening,
Logo’s, Web Design, Professional Services

19. IRC 74 Achievement Awards
Safety: $1,600 a Year
Longevity: $1,600 a Year
$3,200

20. Hire Your Kids
$6,350 Tax Free
Under 18 Years of Age

21. Education
SEMINARS
100% tax deductible to the corporation and are not
included as part of your income.
EDUCATIONAL ASSISTANCE
$5,250 a year which is not included in your gross
income.

22. Virtual
Assistant

23. Medical Plans
• Major Medical – Your corporation can cover
100% of medical plans.
• Cafeteria Plan – Covers expenses like,
Chiropractic, Massage, Acupuncture,
Naturopathic, Child Care, Etc.
• Physical Fitness Facility On Site

24. Must Follow The Rule!
Client Gifts

25. Retirement
Fund your own tax-sheltered pension plan SEP
or a 401(k) plan. Not only can you contribute
but your company can also contribute up to
$40,000.

26. Your Car is A Goldmine!
Tax Credit
Tax Deduction
$7231 Average A Year

27. As Prescribed By Your Dr.
If your doctor says your health is in jeopardy
then you may be able to write off the remedy
you choose to get healthy.

28. Deductions
as a W-2 Employee
=
NOT MANY

29. Deductions
as a Business Owner
=
TONS OF THEM!

30. Big
Benefits
=
BIG RESPONSIBILITY

31. The
Biggest Mistake
Corporate Owners
Make!

32. Failure To
Document
Business
Decisions

33. Formal
Documentation
proves that you and the
company are separate.

34. Corporate Formalities
Documentation and procedures business
entities are required by law, to maintain the
liability protection afforded to corporate
owners.

35. I AM NOT THE
CORPORATION:
THE CORPORATION IS NOT ME!

36. Exposed

37. • Audit
• Lawsuit
• Divorce
• Partnership Break-up
• Bankruptcy
Greatest Exposure

38. $1,000,000,000
Targeted Toward Audits and Collections
Fox News, Feb. 17, 2012

39. Failure to Document
45%

40. Lawsuits In America
5% Of World’s Population
75% Of World’s Lawyers
94% Of World’s Lawsuits

41. U.S Legal System is the
World’s Most Costly
“As the U.S. experience has shown, excessive
litigation creates enormous costs for businesses,
workers, consumers, and the overall economy.”
- Lisa A. Rickard, president of the Institute for Legal Reform

42. How To Acquire Wealth
1.) Win the lottery
2.) Win a lawsuit
3.) Inherit

43. “Nobody’s going to sue me”

44. 57% of lawsuits are filed
against businesses making a
million or less

45. "Piercing the corporate veil has become the
most litigated issue in corporate law today. In
every case, the plaintiff’s intent is to acquire the
personal and business assets of the company,
and at least half of them win.“
- Wake Forest Law Review

47. There are over
100 Reasons
The courts will hold
Business Owners
Personally Liable.

48. Common Mistakes
Co-Mingling Funds
• Keep Personal and Corporate Funds
Separate
• Document All Transactions Between
Stockholders and Officers

49. Failure to Sign on Behalf of the Corporation
Always Use Your Title
By: Aaron Young, President
Common Mistakes

50. Failure to maintain minutes and resolutions
Common Mistakes

51. • A summary of a board meeting showing significant
issues discussed.
• Minutes identify decisions made at a specific time
and location.
• Essential tool in establishing legal separation
between owner and company.
• Courts may request corporate minutes as evidence.
• All 50 states require, by law, that minutes be
prepared and maintained in a written form.
• The memory of the company.
Minutes

52. Resolutions
• A written document that describes an action
taken by the board of directors or managers.
• A resolution is a permission slip from the
Board to the President.

53. I AM NOT THE
CORPORATION:
THE CORPORATION IS NOT ME!

54. 256 Formal Documents

56. Are You In Compliance?

57. “If you've failed to keep proper corporate
records and if you are ever sued - you have a
50-94% chance of losing your personal assets
in order to satisfy a judgment.”
- Cornell Law Review

58. No Matter Where
You Are Now It Is
All Fixable

59. Free Risk Assessment
Please Visit: CutYourRisk.net
and complete the assessment
You Will Receive A Corporate
Consultation Assessment