Today I have a special treat for you.
I recently sat down with Ross Brunson, the creator of Business Structuring Secrets to talk about his bulletproof business structure.
In 1990, Ross began working in accounting and tax returns. Over time, people started coming to him for help with starting their businesses. Being in this field allowed him to learn the ins and outs of business entities, and where the strong and weak points are in each particular business. In this episode, Ross shares some golden nuggets about what he has learned.
For all you entrepreneurs out there, as exciting as it is to start your business, it’s essential to set yourself up for success. Otherwise, you might be exposed to legal issues and pay more in taxes.
The structuring secrets Ross shares with us are essential. It’s the kind of information that if someone hadn’t known it from the start of their entrepreneurial journey, they are going to wish they had listened to this episode.
This information is detail-rich, so my intention for this episode was to condense it all in a digestible way so you can benefit from it.
If you’re an entrepreneur that is just starting their journey, or even if you’ve already started and want to learn more about protecting and structuring your business better, this episode is for you.
Find out more at businessstructuringsecrets.com
Important factors that most entrepreneurs don’t consider when they set up their business. [5:20]
The origin of the Business Structure System. [19:25]
Operating with 2 entities: How does it work? [28:00]
Adding a third entity. [46:00]
How do you determine the right structure for your clients? [55:20]
… and much more!
I wrote and self-published a Kindle book teaching engineers how to pass the Fundamentals of Engineering certification exam. And while it was successful, I quickly realized selling ebooks wasn’t going to make enough money to feed my family. I started selling a course on career development for engineers. That didn’t go well either.