Exit Coach Radio

T. Phillip Boggess - Start With The End in Mind (K1017)

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T. Phillip Boggess of TPB Financial discusses the necessity of thinking of your future when starting a business. Here's a past highlight from one of our Guests. Find their full interview at www.ExitCoachRadio.com -- just click "Audio Library" in the "LISTEN" section and enter their name to hear all of their past interviews! Transcript:  Bill: Where do you start to plan when you have a new business? Here's T. Phillip Boggess.  T: Almost everyone, when they start a business, wants limited liability, so let's make sure that we create the entity that's gonna have limited liability so we aren't opening the door for any litigators to pierce the corporate veil. At the same time that's happening, we have to plan our exit strategy, because trying to plan for that later is too difficult. So we need to create some sort of buy-sell agreement or some other way for these business owners to know, when it comes time that I want to leave or that I have to leave, that here's how it's going to work. It's going to protect