Ultimate Don't Do It Guide When Starting a Business

Wednesday, August 19, 2020

Jo Ann Koontz, Jackie Durham (Koontz & Associates, PL) and Marina Parkin (Koontz & Parkin, CPAs) talk about very common problems businesses face when forming a company. Learning about these issues now can save you, your partners and your business from legal trouble in the future. Has your business been formed correctly?

2:05 Name of the business - registered name vs fictitious name.

8:10 Business location and names on business issues.

10:35 Real estate agents and fictitious names.

13:12 Listing owners of your company (members vs managing members vs authorize number).

16:09 Misuse of titles for members.

18:03 Misusing forms and documents.

26:04 Creating contractual obligations among members.

34:51 Creating a company for DBA?

37:41 What is your entity and how you choose for best tax optimization?

44:38 Importance of signing an operating agreement and reviewing agreement.

50:40 Provisions when forming operating agreement.


Koontz & Associates, PL | Jo Ann Koontz & Jackie Durham

Koontz & Parkin, PL | Marina Parkin

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