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b'Garrett Sutton is a rich dad advisor and an attorney at law\\xa0is dedicated to helping business owners protect their corporate veils from being pierced by numerous liabilities and lawsuits. Sutton has been a business owner for over 35 years, and with a background in law, he is an expert on the various legal formalities and how to protect corporate companies from unwarranted liabilities. In his most recent book, "Veil Not Fail," he discusses a wide range of difficulties and lessons learned as well as several methods and approaches for avoiding these mistakes. He shares his authenticity, honesty, and lessons learned from his experience in order to assist entrepreneurs in becoming familiar with and establishing themselves in the formalities of the law and effectively protecting their hard-earned businesses.\\n\\xa0\\n\\xa0\\n[00:01 \\u2013 06:30] Opening Segment\\nCorporate entities with rich dad advisor, Garrett Sutton\\nGarrett talks about his law background and how he ends up being a rich dad advisor\\nVeil not stale by Garrett Sutton\\n\\xa0\\n[06:30 \\u2013 18:03] The First Steps of Creating Protection of Your Business \\nPublicize yourself operating through an entity rather than your own\\nWhy you should choose LLC as your business entity\\nState corporate laws and which state is best to choose\\nHave an umbrella policy of insurance\\n\\xa0\\n[18:03 \\u2013 27:36] Strategies to Protect your Business\\nBe educated on the formalities of the law\\nHave a registered agent in the state where the company was formed\\nFollow the formalities of state laws\\n\\xa0\\n[27:36 \\u2013 30:11] Closing Segment\\nQuick break for our sponsors\\nThe first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.\\xa0 Learn more about Personal Capital at escapingwallstreet.com\\n\\nWhat is the best investment you\'ve ever made other than your education?\\nLearning about tax liens\\n\\nGarrett\\u2019s worst investment\\nInvesting in a publication called Sonoma monthly\\n\\nWhat is the most important lesson you\\u2019ve learned in business and investing?\\n\\u201cYou need to have the right partners on the team\\u201d\\n\\n\\xa0\\nConnect with Garrett Sutton through corporatedirect.com/schedule. Grab your copy of Veil Not Fail.\\n\\xa0\\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\\nParticipate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.\\nJoin our Passive Investor Club for access to passive commercial real estate investment opportunities.\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\nResources cited\\nLoopholes of real estate\\nTweetable Quotes:\\n\\u201cYou don\\u2019t want anyone to think they\\u2019re doing business with you personally.\\u201d \\u2013 Garrett Sutton\\n\\u201cYou can\'t have a good business with a bad park, you know, you need to have the right partners on the team.\\u201d \\u2013 Garrett Sutton\\n\\u201cYou can\'t run your LLC operations through your personal bank account, they\'re going to pierce the veil in that situation. \\u2013 Garrett Sutton'