#20 on my formalities checklist talks about documenting all major transactions, and my YouTube video to the right goes into this in more detail.  Big companies have lawyers on staff to make sure all the documentation is being done correctly, but you can't afford a staff of lawyers. How do you make sure you are doing everything you need to do in order to maintain your "corporate shield" without spending a small fortune or unreasonable amounts of time? (The corporate shield is the same for an LLC or a corporation.)

There is a simple way to make sure you are doing everything you need to do to follow your rule book (aka operating agreement).  All you need is a set of colored pencils. In my latest article, I explain how to easily track what you need to and stay in accordance with your operating agreement.  See my article at http://www.llcwizard.com/documenting-transactions.

Lee Phillips

P.S. Because my Boot Camp in June is already almost full, we are adding another one, but can't fit it in until September 12th-13th.  Sign up now to get one of the last spots in June, or to reserve your spot in September before they're all gone!