00:04
it is because
00:05
business owners should have multiple
00:07
objectives in mind when they form a
00:09
business
00:10
they want to make money and they want
00:12
they should have a plan for an exit
00:14
how are they going to exit the business
00:15
and monetize it beyond just the income
00:17
stream and the other one is how are they
00:19
going to protect
00:20
the value of the business for their
00:22
family the entity that you pick
00:24
to do business in whether corporation
00:27
llc
00:27
partnership joint venture has a great
00:30
deal to do with both the tax
00:32
implications of the business and also
00:34
your ability to protect the business as
00:36
an asset for the owner’s family