31: Clean up Your Corporation With Garrett Sutton

Management Blueprint

English - March 16, 2021 13:30 - 41 minutes - 47.1 MB - ★★★★★ - 33 ratings
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Previous Episode: 30: Engage Customers and Employees With Stacy Sherman

Next Episode: 32: Speed Up Into The Curve with Lee Wochner

Garrett Sutton is the CEO of Corporate Direct and the Sutton Law Center, an asset protection company that provides corporate formation and maintenance services. He is also an 11-time best-selling author and a Lifetime Achievement member of the Top 100 Attorneys. We discuss asset protection laws across different states, corporate formation strategies, and how to use your book to scale your business.

Timestamps

[01:09] Garrett’s journey into entrepreneurship

[02:47] How Garrett turned his law profession into a thriving business

[03:31] Defining asset protection

[07:10] Comparing asset protection laws across different states

[09:10] Practical asset protection strategies

[15:25] Analyzing leverage and management buyouts in today’s world

[17:30] Difference between certified and uncertified security

[19:30] Comparing a member-managed LLC to a manager-managed LLC

[21:43] The benefits of having a resident agent

[25:13] The value of maintaining asset protection entities

[29:00] Why you need to have annual LLC meetings and record meeting minutes