All it takes is one corona virus infection and you could be laid low (or laid out!). If you own 100% of the stock or membership interests in your corporation or LLC, what will happen if you die or become incapacitated?
Disaster, that’s what!
In this video I describe two possible ways to protect your company in case you (Mr/Ms 100% owner) cannot make decisions for the company.
One way is to give a small interest in the company to your spouse or some other trusted person. The other way is to designate a manager in case you become incapacitated.
Dang lawyers are always thinking of the worst that could happen. Uh…Yeah! Because sometimes the worst does happen!
Entrepreneurs are going to save the world, and Argent Place Law wants to help. That’s why we are a team of entrepreneur-lawyers serving Entrepreneurs just like you. Think how great it will be to have a legal team with entrepreneurial experience on your speed dial so you can call us up and say, “Income from my company supports my family. How do I set up my company so it won’t collapse if something happens to me?” Call Argent Place Law to find out.