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The How of Business - How to start, run, grow and exit a small business.

268: Asset Protection with Mark Balsom

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 19 August 2019

⏱️ 48 minutes

🧾️ Download transcript

Summary

Asset Protection for your small business, with attorney Mark Balsom. Mark explains various aspects of an effective comprehensive asset protection plan for your business and your personal assets. Mark and the team at Presser Lay Firm help their clients protect their hard-earned assets from lawyers, malpractice claims, creditors, foreclosure deficiencies, former or current spouses, children, relatives, and greedy lawsuit-obsessed citizens.  While many people can make money, few know how to protect it.

Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business show – dedicated to helping you start, run and grow your small business. (TheHowOfBusiness.com)

Transcript

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0:00.0

Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, run, and grow your small business.

0:13.5

And now, here is your host.

0:16.0

Welcome to this episode of the How of Business.

0:18.3

This is Henry Lopez.

0:19.4

My guest today is Mark Balsam. Mark,

0:22.6

welcome to the show. Thanks, Henry. Thank you a lot for having me. Looking forward to this

0:27.6

conversation. We're going to chat about asset protection. Mark is an attorney. I'm going to give you a

0:32.9

little bit about his background and then have him share a little bit more about how he got to where he is

0:36.9

today.

0:42.6

But we're going to talk about asset protection for the small business owner. It really applies whether you have a business or not, but obviously specifically for us, we're always looking for ways to

0:47.6

either prepare for our first business or all of us, a small business owner. It's surprising,

0:53.4

even to me, as I was reading through, for example, the couple of books

0:57.2

that Mark sent ahead of time, how there's so many potential points of exposure.

1:01.8

And this is a scary topic.

1:03.1

It can be.

1:03.7

We're going to try not to take that approach.

1:06.2

It's more a matter of continuing to educate ourselves to get better and better on everything

1:11.7

that has to do with managing a business, especially this legal aspect of protecting our assets.

1:17.7

If you want to receive more information about the Hawa business, including links to the

1:21.9

show notes page, then just text the word biz, B-I-Z, to 3196, and I'll send you a link to easily access the show notes page.

1:33.0

So Mark Balsam, who's with us today, is an attorney.

1:35.9

He represents individuals and businesses to help them with developing and implementing

...

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