Protecting Your Corporate Veil

Corporation

Limited Liability Company

Limited Partnership

What Do All Business Entities Have In

Common?

All business entities must follow

“Corporate Formalities”

IT’S THE LAW!

What Are Corporate Formalities?

Meetings

Resolutions

Minutes

Approvals

Stock Ledgers

Stock Issuance

Acceptance

Amendments

Who Requires Corporate Formalities?

Actions That Need To Be Documented

Employment AgreementsOfficer’s SalariesEquipment Purchase/LeaseProperty PurchaseCars Issuance of Dividends

Actions That Need To Be Documented

Retirement PlansMedical PlansSelling SharesLoansFringe BenefitsBonuses

If you've failed to keep proper corporate records and if you are ever sued - you have a 50-94% chance of losing your personal assets in order to satisfy a judgment.

Cornell Law Review

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• Your corporate charter being revoked.

• Paying tax penalties on disallowed deductions.

• Shareholders becoming personally liable for the corporation’s activities/debts.

• Allowing a creditor, the IRS or attorneys to pierce the corporate veil seize your personal assets.

Failure to maintain Corporate Formalities can lead to:

Why The Compass Group?

• Secure Your Corporate Veil• Stronger Asset Protection• We Do The Paperwork So You Can Run

Your Business• Answers Your Questions• Keep Your Company Current • Keep Your Company In Compliance• Cost Effective

Over the last 37 years, we have assisted over 77,000 companies with getting and keeping their companies in compliance.

Closely held corporations have

the greatest risk of having their Corporate Veil Pierced

• They tend to treat their business like a sole proprietorship.

• They don’t document business decisions

• They co-mingle funds and assets

• They don’t know what documents they must maintain to stay in compliance…so they do nothing.

Piercing the Corporate Veil has become the most litigated issue in corporate law today. In every case the plaintiff’s intent is to acquire not only the company’s assets, but the owners personal assets as well.

Wake Forest Law Review

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The Compass Group Provides

MinutesResolutionsFilingsAmendmentsMeetingsNotifications

Complete Corporate Veil Protection Service

• Corporate Status Review with your personal corporate coach.

• Unlimited Custom Corporate Documents including minutes, resolutions and amendments.

• Customized Corporate Benefit Kit- includes a priceless library of resources.

• Ongoing Maintenance of Your Corporate Records.

• Subscription to “The Corporate Veil” monthly e-newsletter. Receive updates of current compliance requirements, business tips and strategies.

• 12 month Customized Calendar of recommended documents.

• Ongoing Webinars- access 24/7 sessions on tax deductions, strategies and eye opening business tips.

• Unlimited Access To Your Personal Corporate coach by phone or e-mail.

$125,000 Corporate Compliance Guarantee.

We will guarantee the

integrity of your Corporate Veil

up to $125,000.

The Complete Corporate Veil

Protection Service Protects Your Wealth, Business and Personal

Assets from Attack

The Time is Now!

Get Started Now!

1. Contact our office for more details at 775-828-7111, or email your request to subscribe to Cindy@BorelAssociates.com

2. We will bill your company (current clients - $475; all others $795), which includes updating your company’s corporate records from inception (an $1,000-$5000 value).

3. Your Compass Corporate Coach will contact you within 24 hours.

4. Together you and the Coach will set an appointment to begin the interview process. Your Coach will be there to help you every step of the way

5. Your records will be brought current and a game plan will be organized to keep you current and going forward.

Don’t Delay!