Talking Corporate Law and Estate Planning with Mark Pierce

Diversified Income Experiment | Passive Income

English - June 10, 2021 05:00 - 21 minutes - 19.8 MB - ★★★★★ - 112 ratings
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In this episode, I talk to Mark Pierce, an LLC attorney from Wyoming and the owner of Cloud Peak Law Group. Mark shares the things about corporate law you have to know before starting your own business or company. He also talks about the law differences between Wyoming and Delaware and the importance of separating your personal and business bank accounts. Mark will also discuss estate planning and why it is a significant process for people with businesses and other assets.
You don’t get to learn about business law every day, so have a listen!

[00:01 – 06:24] Opening Segment

- I introduce Mark to the show
- Mark shares his background
- Being an LLC lawyer
- Services Mark’s company provides
- Helping business owners in starting and asset protection

[06:25 – 19:30] Talking Business Law and Estate Planning

- Law differences between Wyoming and Delaware
- Separating your personal and business bank accounts
- Where does your money go?
- Using company credit cards
- Mark talks about estate planning

[19:31 – 21:37] Closing segment

- How you can get in touch with Mark
- Final words

Tweetable Quotes:

“As a practicing litigating attorney against LLCs and corporations from time to time on the creditor side, I can tell you that the first thing you look to is ‘Where did the money go?’. You take a look at where your money went, and you can see that individuals are using it to pay their kids’ tuition, to buy their soccer camps, to pay for nights out on the town when it just benefits them and their spouse. It just doesn’t respect the efficacy of that LLC to do that, so the court won’t respect the efficacy of the LLC to prevent the creditors from the LLC coming after you or your creditors going after the LLC." - Mark Pierce

Connect with Mark Pierce on LinkedIn: https://www.linkedin.com/in/mark-pierce-70185725/

Resources Mentioned:

Wyoming Trust and LLC Attorney: https://wyomingllcattorney.com/

I WOULD LOVE TO HEAR FROM YOU! If you have questions, comments, or want to talk about life-changing opportunities, reach out to me through LinkedIn /in/keithleimbach, send me an email at [email protected], or visit https://dincpie.com/