I don't want to get sued and lose everything and have to live on the street...
I watched a presentation from the 7 figure code seminar...I would bet that the presentation was made by a lawyer...i think his name is drew miles...
He explained a story about a succesful guy that he had a succesful business but that all of sudden he lost everything...i think because of a lawsuit...
Drew said that if he had set up his business in a different way he woulnt have lost and he wouldnt even have been sued...
He said that 1 of every 4 people on the seminar would be sued...at the begining of the presentation was very scary...he was saying how risky is running a business and so on...but then he kept on saying that if we follow his tips we would not be sued...
He talked about entity structuring and about how important is
to be set up in such a way that you can keep them from taking it all away.
Also I remember he said never hold any business in our own personal name..
Basically, I think he was saying that it was possible to bulletproof our assets...
Basically the rules he gave were:
separate your personal assets from your businesses
and separate your businesses from one another..
I will check that presentation again..so I can give you more details about that...but i though that
someone can sue you and your business...so would that entity structuring still protect me if they sue me (the person)
Has there really been internet marketers that have lost everything? if i have to lose everything at least i hope i can keep my lists of subscribers...
I know that i have to ask for advice to an attorney but i hope this thread makes all warriors aware that they have to consider the legal issues of the online business....many courses miss that part...they show you how to make money but dont tell you that you have to be careful about the legal issues of an online business....(some time ago myself i wasnt aware about the risks of an online business...)
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