How to Stay Out of the Big House While Building / Remodeling a House | Ask Clay Anything
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 30 November 2019
⏱️ 21 minutes
🧾️ Download transcript
Summary
A Thriver asks if they have to have a separate bank account set up for each of the construction projects that they do.
Transcript
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| 0:00.0 | You have questions America's number one business coach has answers. |
| 0:05.0 | It's your Broda from Minnesota. |
| 0:07.0 | Here's another edition of Ask Clay Anything on the |
| 0:15.0 | show |
| 0:20.0 | yes yes and yes and yes on today's show |
| 0:22.0 | on today's show thrive nation we're talking about how to stay out of the big house |
| 0:26.7 | while building a house again how to stay out of the big house a case |
| 0:36.5 | while making building a house. What am I talking about? |
| 0:37.5 | Well, we have a thriver out there, a great person |
| 0:39.7 | who reached out to us to tell us or to ask us about an alarming statement that their banker recently made to them. |
| 0:48.6 | Their banker said to them that it is illegal for them to not have separate bank accounts set up for each |
| 0:57.2 | of the construction projects that they do. And they had no idea that they needed to do this. |
| 1:05.0 | And so, one, that does not feel good when you find out |
| 1:10.0 | you might be breaking the law when you didn't intend to. |
| 1:13.4 | So today we're talking about how to stay out of the big house |
| 1:17.8 | while building or remodeling a house. |
| 1:21.6 | Aubrey, my incredible son, how are you, sir? |
| 1:26.0 | Good. Hey, what is the official age you are at this point? |
| 1:29.0 | Are you 12 or are you 27? |
| 1:31.0 | How old are you? |
| 1:32.0 | 12. And yesterday, last night, what were you doing? |
| 1:35.0 | DJing a Halloween party. |
... |
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