That means that whether you ever intend to sell the business, or not, you must SEPARATE yourself from the business. That one thing is getting harder and harder as the entanglement of taxes and the complexities of regulatory requirements overwhelm those who haven’t simplified their business stance.
Lack of sales is the number one killer of independent businesses. Taxes are the second deadliest killer.
The whole picture has to be put together and when it’s done right-WOW!
What a wonderful ride.