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4 Tips for Protecting the Corporate Veil Here's how to keep your business out of legal trouble.

By Mark J. Kohler

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Mark Kohler discusses how to protect yourself in a corporation or LLC.

Protecting the corporate veil is vital to prevent yourself from being sued personally in matters related to your business. In order to help you prevent any issues with the law, Kohler shares four suggestions.

From meeting minutes to bylaws, filing corporate records for everything into a record-keeping book is crucial. At the end of every year, you should hold an annual meeting to update these documents.

Using the company name on all documents, marketing materials and legal agreements is also important. It lets people know that the company is doing business, rather than just you alone. In addition, making sure that your company is on title for any assets or equipment the company owns will help you avoid any legal trouble.

To learn more about protecting yourself, play the video above.

Watch more videos from Mark J. Kohler on his YouTube channel.

Related: Why You Should Buy a Car, a Truck or Equipment Before the End of the Year

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Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney, and CPA

Mark J. Kohler, a certified public accountant in Irvine, Calif., is a partner in the accounting firm Kohler & Eyre, and the law firm Kyler, Kohler, Ostermiller, & Sorensen LLP, specializing in business, estate and tax. He is the author of The Tax & Legal Playbook and What Your CPA Isn't Telling You from Entrepreneur Press.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

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