Protecting Your Corporate Veil

What Do All Business Entities Have In Common? Corporation Limited Liability Company Limited Partnership

Corporation

Limited Liability Company

Limited Partnership

All business entities must follow “Corporate Formalities ” IT’S THE LAW!

All business entities must follow “Corporate Formalities ”

What Are Corporate Formalities? Meetings Resolutions Minutes Approvals Stock Ledgers Stock Issuance Acceptance Amendments

Meetings

Resolutions

Minutes

Approvals

Stock Ledgers

Stock Issuance

Acceptance

Amendments

Who Requires Corporate Formalities? Shareholders/Members The IRS-Audit Request Banks-Loans Federal and State Law

Shareholders/Members

Actions That Need To Be Documented Employment Agreements Officer’s Salaries Equipment Purchase/Lease Property Purchase Cars Issuance of Dividends

Employment Agreements

Officer’s Salaries

Equipment Purchase/Lease

Property Purchase

Cars

Issuance of Dividends

Retirement Plans Medical Plans Selling Shares Loans Fringe Benefits Bonuses Actions That Need To Be Documented

Retirement Plans

Medical Plans

Selling Shares

Loans

Fringe Benefits

Bonuses

“ 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

“ 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

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:

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.

Why The Compass Group ? Secure Your Corporate Veil Stronger Asset Protection We Do The Paperwork So You Can Run Your Business Answers Your Questions Keep Your Company Current Keep Your Company In Compliance Cost Effective Only $725 Investment

Secure Your Corporate Veil

Stronger Asset Protection

We Do The Paperwork So You Can Run Your Business

Answers Your Questions

Keep Your Company Current

Keep Your Company In Compliance

Cost Effective

Only $725 Investment

Closely held corporations have the greatest risk o f having their Corporate Veil Pierced

They tend to treat their business like a sole proprietorship. They don’t 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.

They tend to treat their business like a sole proprietorship.

They don’t 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.

“ Piercing the Corporate Veil has become the most litigated issue in corporate law today. In every case the plaintiff’s intent is to acquire not only the company’s assets, but the owners personal assets as well.” Wake Forest Law Review

“ Piercing the Corporate Veil has become the most litigated issue in corporate law today. In every case the plaintiff’s intent is to acquire not only the company’s assets, but the owners personal assets as well.”

Minutes Resolutions Filings Amendments Meetings Notifications The Compass Group Provides

Minutes

Resolutions

Filings

Amendments

Meetings

Notifications

Corporate Status Review with your personal corporate coach. Unlimited Custom Corporate Documents including minutes, resolutions and amendments. Customized Corporate Benefit Kit- includes a priceless library of resources. Ongoing Maintenance Of Your Corporate Records . Complete Corporate Veil Protection Service Subscription to “The Corporate Veil” monthly e-newsletter. Receive updates of current compliance requirements, business tips and strategies. 12 month Customized Calendar of recommended documents. Ongoing Webinars- access 24/7 sessions on tax deductions, strategies and eye opening business tips. Unlimited Access To Your Personal Corporate coach by phone or e-mail.

Corporate Status Review with your personal corporate coach.

Unlimited Custom Corporate Documents including minutes, resolutions and amendments.

Customized Corporate Benefit Kit- includes a priceless library of resources.

Ongoing Maintenance Of Your Corporate Records .

Subscription to “The Corporate Veil” monthly

e-newsletter. Receive updates of current compliance requirements, business tips and strategies.

12 month Customized Calendar of recommended documents.

Ongoing Webinars- access 24/7 sessions on tax deductions, strategies and eye opening business tips.

Unlimited Access To Your Personal Corporate coach by phone or e-mail.

$125,000 Corporate Compliance Guarantee. We will guarantee the integrity of your Corporate Veil up to $125,000.

We will guarantee the integrity of your Corporate Veil up to $125,000.

The Time Is Now! The Complete Corporate Veil Protection Service Protects Your Wealth, Business and Personal Assets from Attack Call Danny Fierro (877) 834-8211 or email at dfierro@compassincorporate.com