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Business Owners need to draw a line.
Business owners need to draw a line.
As a business owner, you have 2 types of assets. The business and your personal assets. Most mix it together because both fund each other over the years. The business funds the lifestyle and personal assets over time and when business is tough, you draw back some personal assets back to the company.
The most important thing you should do is to draw a line in between so that as you are expanding your business and growing, your personal assets can be protected and even untouched by potential creditors.
If the worst of circumstances, you can even have money to pay off creditors to hold back your family assets..
If you are a business owner and know someone who would like to know how to protect their personal assets, type in 2 business owners names and we can arrange a short 15min session to understand your situation and draw the line for you.