1 rich Libsyn https://www.libsyn.com 90 600 Most business owners have worked with an attorney at some point. Usually it was to set up the business entity. Then it was done. What they do not always realize is how much gets left behind when the legal piece stays event-driven and disconnected from the rest of the plan. Entity structure, liability protection, exit strategy, benefit plan compliance — the legal corner of a business owner's financial picture touches nearly everything. And if nobody is coordinating it with the accounting, the investments, and the overall plan, the gaps quietly compound. In this episode, Andrew Rafal and Brian Hartstein dig into the Legal Corner of the Four Corners of Business Owner Planning. They cover when one attorney is enough, when you need more than one, and how to figure out which questions you should be asking in the first place. Brian walks through entity structure decisions, the difference between corporate and estate planning attorneys, when multiple entities make sense, and what business owners need to understand about exit planning well before they are ready to sell. In this podcast interview, you will learn: What functions a business attorney actually covers and why one may not be enough The difference between a corporate attorney and an estate planning attorney When single entity vs. multiple entity structure makes sense for your business Why the building your business owns may be a liability and a missed opportunity How Section 1202 and Section 1042 elections factor into business exit planning What affiliated service group rules mean for service-based businesses How often you should actually be talking to your attorney Why avoiding the call because of hourly fees is the most expensive mistake you can make Find All Episode Resources Here - www.bayntree.com/125 Download your copy of The Entrepreneur's Financial Planning Checklist This episode is for informational and educational purposes only. Bayntree Wealth Advisors and its representatives do not provide legal or tax advice. Nothing discussed in this episode should be construed as legal or tax guidance specific to your situation. Any references to tax code provisions, entity structures, or planning strategies are general in nature and may not apply to your circumstances. Please consult a qualified attorney and/or tax professional before making any decisions about your specific situation. Investment advice is offered through Bayntree Wealth Advisors LLC, a registered investment advisor. Insurance and annuity products are offered separately through Bayntree Planning Group LLC. Your Wealth &amp; Beyond: Secrets of Successful Entrepreneurs https://www.bayntree.com/resources?tab=podcasts <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/41703360/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/004a97/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/203125795