Learn The Secrets of Using a Corporation or Limited Liability Company. This is the best business education out there for owners of an S Corp, C Corp or LLC.

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How To Protect Your
Business
Sponsored By:
Laughlin Associates
Presented By:
Scott Burnett
#corpsecrets

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1-888-386-3811
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Who is Laughlin Associates?
 Corporate Formation and Compliance CompanyCorporate Formation and Compliance Company
 Small Business Consulting and EducationSmall Business Consulting and Education
 Asset Protection and Income RetentionAsset Protection and Income Retention
 Providing Business Solutions Since 1972Providing Business Solutions Since 1972
www.twitter.com/laughlinUSA
www.laughlinusa.com/blog

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1-888-386-3811
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www.laughlinusa.com
C Corporation
S Corporation
Limited Liability
Company
1-888-386-3811
What Do All Business Entities
Have In Common?

4. #corpsecrets
1-888-386-3811
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It’s Not An Option…….It’s
Required By Law
Business entities are
required to keep
records in all 50
states

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Corporate Formalities
What are they?
 Minutes
 Resolutions
 Documentation
Who might ask for them?
 The IRS
 Opposing Counsel
 Shareholders

6. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
www.laughlinusa.com
10. Corporate minute
book and stock register.
IRS Summons

7. #corpsecrets
1-888-386-3811
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You are ordered to
produce the business
records
1-888-386-3811
IRS Summons

8. #corpsecrets
1-888-386-3811
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You Must
DOCUMENT
In Order To
DEFEND!

9. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
www.laughlinusa.com
If your corporate records are not in
order and you are sued, you could
Be stripped of all liability protection
And tax benefits.
Fact

10. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
www.laughlinusa.com
Actions That Should Be Documented
 S Corporation Election
 Sale of Stock
 Approval of Employee Agreement
 Approval of Equipment
 Officers Salaries
 Acceptance of Accountant
 Purchase of Property
 Qualifying to do Business
 Issuance of Dividends
 Waiver of Notices to Hold Meetings

11. #corpsecrets
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 Qualified Retirement Plans
 Issuing Stock
 Changing Directors
 Opening a bank account
 Taking a corporate loan
 Capitalizing the Corporation
 Authorizing Fringe Benefits
 Contracts with 3rd Parties
Actions That Should Be Documented
(continued…..)

12. #corpsecrets
1-888-386-3811
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 Annual Meetings
 Notices of Meetings
 Entering into a Lease
 Appointment of officers
 Appointment of directors
 Amendment of Articles
 Amendment of By-Laws
Actions That Should Be Documented
(continued…..)

13. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
www.laughlinusa.com
What is an alter-ego?
Personal Assets:
• Home
• Bank Accounts
• Retirement
• Other Assets
Business Assets:
• Property
• Bank Accounts
• Equipment
• Cash Assets
• Other Assets
Business LifePersonal Life

14. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
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Piercing The Corporate Veil
Proving that a corporation exists merely as
an alter ego for an individual, so that in a
lawsuit, the defendant can be held
personally liable for the damages of the
corporation.

15. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
www.laughlinusa.com
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
“
”

16. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
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• Your corporate charter being revoked.
• Paying tax penalties on disallowed deductions.
• Shareholders becoming personally liable for the
corporation’s activities/debts.
• Allowing a creditor, the IRS or attorneys to pierce
the corporate veil seize your personal assets.
Failure to maintain Corporate
Formalities can lead to:

17. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
www.laughlinusa.com
Why Laughlin Associates?
• Secure Your Corporate Veil
• Stronger Asset Protection
• We Do The Paperwork So You Can Run
Your Business
• Keep Your Company In Compliance
• Cost Effective
Over the last 40 years, we have assisted over 77,000
companies with getting and keeping their companies in
compliance.

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• They tend to treat their business like a sole
proprietorship
• They don’t always document business decisions
• They co-mingle funds and assets
• They don’t know what documents they must
maintain to stay in compliance…so they do
nothing.
Small Business vs. Larger
Businesses
1-888-386-3811

19. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
www.laughlinusa.com
Laughlin Associates Provides
Minutes
Resolutions
Filings
Amendments
Meetings
Notifications

20. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
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The Complete Corporate Veil Protection
Service
• Initial review of your corporate status with your compliance coach. Our quick and easy
online questionnaire outlines which documents your company needs now.
• Unlimited custom corporate documents including minutes, resolutions and amendments.
• Unlimited access to a personal corporate coach by phone or e-mail anytime to receive
quick, knowledgeable answers to your questions.
• 12-month customized calendar of recommended documents.
• Corporate benefit kit; includes a priceless library of resources.
• Ongoing monitoring service and auditing of your corporate records, and continual
contact and review of your corporate status.
• Subscription to “The Corporate Veil” monthly e-newsletter. Receive updates of current
compliance requirements, business tips and strategies.
• Digital Record Book.
• Assistance with state filings.
• Record Reconstruction.
• Ongoing Business Strategy Webinars. Learn from the convenience and comfort of your
own office.

21. #corpsecrets
1-888-386-3811
Via @LaughlinUSA
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Next Step
Still not sure? Call for a
complimentary corporate
audit to see where you
stand with your corporate
records.
1-888-386-3811