The "3BM" Way for Business Entity Maintenance
Eliminate nasty surprises and navigate the complexities of
keeping your entity protected with JMD's proven 3 Bucket Method strategies.
It seems that every time we turn on the television, we see another advertisement for personal injury attorneys. These are the guys who will sue you when your employees have a fender bender with the company vehicle. These are the guys that get excited when your kid bumps into another driver while driving your car. These are just a couple of examples of how there are lawsuits all around us. Personal injury attorneys are just waiting for us to make a mistake. The kind of mistakes that could cost you big money to defend in court, and could maybe even cost your business.
When you first started your business, you could take on more risk. At that time, you had little or nothing to lose, but as your business has grown and you have gained more success, you realize the risk is real. You could lose all you have worked so hard to build. While having insurance is a must, it does not provide complete protection. If the judgement in a lawsuit you lose is more than your policy limits, you better believe you are on the hook for the difference. It could cost you your business and/or your life savings.
Like blood in the water, your assets and business interests can smell like opportunity to a hungry personal injury attorney. When tangled in a lawsuit and costly litigation, how you operate your business and equipment, could be under close scrutiny and the microscope of the court. When your are hands tied and the threat of your business records are being picked apart, I can tell you with certainty, you are going to wish you had taken steps and measure to prevent this from happening.
And the truth is, YOU CAN!
Let's Start By Asking the Right Questions
Have you verified if your entity minutes up-to-date?
Do they coincide with your tax returns and financial statements?
If you are in a lawsuit or audit or to borrow money, are you prepared to provide an up-to-date entity minute book?
On a scale from 1-10, 1- being the most, how sure are you of what needs to be documented for compliance and protection purposes this year?
Don't have answers to these questions? You may be putting yourself and your business at risk, but, don't worry, I have a solution and ready to share it.
But before I do...
WE HAVE ONLY
UNTIL THE 2024 CORPORATE TRANSPARENCY ACT DEADLINE!
In an event to eliminate the spread of money laundering in the United States, The Corporate Transparency Act (CTA) went into effect on January 1, 2024 by FinCEN, impacting countless business owners across the United States. The challenge, however, is navigating the complexities of the CTA’s reporting requirements. Organizations are being tasked with filing for all their applicable entities and beneficial owners, which is anyone who has 25% or more ownership of an entity (whether direct or indirect) or substantial control.
Depending on your organizational structure and number of entities, the CTA can add more-than-desired administrative work to teams that can’t afford to neglect existing responsibilities. What’s even scarier, violating the CTA may result in a daily $500 fine until corrected (maximum penalty of $10,000) and criminal penalties may result in imprisonment for up to two years.
Many business owners have found success using their business entities to get ahead and prosper, however, it can be difficult to stay on top the annual entity documents that keep your business protected and help business owners avoid lawsuits and other costly repercussions, like fines. When intercompany relationships and transactions are not documented or when new federal requirements, like the new Corporate Transparency Act Beneficial Ownership Report Information is not properly reported by a dedicated team member, you can run into a myriad of problems.
The "3BM" Solution to Your Entity Problems
Do you hesitate to contact us because you are not sure whether there will be a charge for a quick phone call or email? Running your ideas, plans or problems by your legal counsel is a wise choice. You value professional services. You know that business is a team sport, and that keeping your attorney in the game will protect you from loss, and guide you to success.
Proven system
The 3 Bucket Method for the Trucking Industry is a proven system, that helps you reveal the magnitude of your risk exposure, distinguishes business opportunities and identifies how to strategically separate risk into "three buckets".
Advice from an expert
Written by Texas Board-Certified Estate Planning and Probate attorney, Joseph Michael Dickerson, he has helped hundreds of clients overcome & more importantly prevent business catastrophe since 1995 with a solid record of client success.
Actionable Information
It isn't enough to just learn from a book. Mr. Dickerson and the team at The J.M. Dickerson Law Firm can help you with protecting your business and assets for generations to come. This book was written for trucking business owners who want to protect all they have worked to build up and pass on.
What people are saying about
Author & Attorney,
Joseph Michael Dickerson
“ Excellent Attorney, Mr. Dickerson helped me set up my LLC when I was just getting started. He guided me through the process an has always been there to help answer my questions. Also over the years I have referred many of my prospects to him and have only had positive comments about him.”
-Steven Wright
“I have used the Dickerson law firm for help with business issues on several occasions. I have found them to be effective, authoritative, and efficient. I am glad they are an ever ready resource as I build my business.”
-L.D. Holt
“ From the moment we got on the phone I know he was the man for the job. His knowledge on law is above the rest and we were also able to handle everything though email. After the great business I discovered that he is a person of service. He involvement in the community is awesome. He is now our company’s go to law firm and we recommend them 110%.”
-Stan Medina
“ Life is hard. It can get a lot harder if I leave myself exposed to the unexpected. So I mitigate the risk by working with the trustworthy and competent folks at the The J.M. Dickerson Law Firm. I want to protect my businesses against unnecessary loss. I also want to be sure those I intend as beneficiaries receive what I leave behind when I kick the bucket. Mr. Dickerson and his staff have helped and continue to help me with wills & trusts, business entities, and other protections. They’re timely and efficient, honest and reliable, and just plain ol’ good people. I give my heartiest recommendation.”
-Mario Benavides
“ Very good legal and estate planning service, great team of professionals!”
-Gonzalo Prida
“ Mike is an excellent Attorney that has help me develop my business. Open mind to new business opportunities and willingness to help clients succeed. Thanks Mike!"
-Adriano Casas Garcia
In today’s litigious society, it is imperative that you have the right business structure for your trucking or transportation company to protect everything you have worked to build. It is a tragedy when someone is forced into bankruptcy because of a lawsuit or other loss.
With the proper business structure, you can protect your personal assets, and have a better tax position. I assist clients in planning business ventures from a legal perspective. I provide a broad range of advice from the analysis of a particular venture, to the selection of the legal entity structure.
Without the right business structure, everything you have worked so hard to build could be lost. I take the time to visit with you to determine which entity best fits your needs. Aside from entity selection, I can also help you evaluate prospective business ideas and transactions as well as, advise you on the different options you may have in the business that you are seeking.
But first, complete the form above to get my free eBook and discover my proven strategies for yourself. We are ready to answer any questions you have and if you require an appointment right away, my team will be glad to help and will offer you a free consultation for requesting my eBook.
Is there a way to reduce risk in an industry like trucking and transport?
Yes, there is!
Trucking Business Owners,
rest assured, by reading my book & implementing my strategies you will make your way to continued success and avoid nuclear lawsuit verdicts.
I look forward to
helping get you there!
