Could you be facing $500 daily penalties and not even know it? Find out how you can safeguard your business against these potential fines in this episode with Mark Robertson. You don’t want to miss this!

Time Stamps

• 00:35 - Episode & Guest Intro
• 01:44 - Understanding Beneficial Ownership Information Report
• 08:02 - Understanding Exemptions and Requirements
• 11:41 - Penalties for Non-Compliance
• 14:25 - Navigating the Filing Process
• 25:59 - Practical Advice and Closing Thoughts
• 27:52 - More About Mark Robertson
• 30:07 - How to Reach Mark Robertson

Quotable Moments From the Show

• "FinCEN has spent the last three years putting together regulations on how companies should report who the beneficial owners are and who the control people are for companies here in the United States. Those regulations kicked in effective January 1st of this year." -Mark Robertson
• "You have until the end of the year if you were formed before the beginning of this year. Now, if you were formed in January of this year, you have 90 days to do your filing. If next year you file a new company, then new companies filed after January 1, 2025, have 30 days to do their filing." -Mark Robertson

Resources

• Need Marketing Help? We Recommend Benali
• Need Help with podcast production? We recommend Demandcast

More from Mark Robertson

• BOI E-filing System
• Website

More from Martin Holland

• theprofitproblem.com
• annealbc.com
• Email Martin
• Meet With Martin
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More from Khalil

• benali.com
• Email Khalil
• Meet With Khalil
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More from The Cashflow Contractor

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Struggling with cash management? Ever feel like you're guessing your way through your business finances? This episode might just be the lifeline your business needs! Learn why a weekly cash flow report isn't just good practice — it's essential.

Time Stamps

• 00:36 - Episode Intro
• 03:06 - Understanding the Cash Flow Report
• 10:42 - Profitability vs. Cash Flow
• 13:27 - Avoiding the Pitfalls of Poor Cash Management
• 18:26 - Strategies for Improving Cash Position
• 20:57 - Maximizing Returns on Inventory Management
• 22:06 - Innovative Inventory Management Strategies
• 24:28 - Improving Cash Flow Through Receivables Management
• 28:27 - Strategic Accounts Payable Management
• 37:16 - Episode Outro

Quotable Moments from the Episode

• "Everyone has done this already. It's probably been in their head." -Khalil
• "Profitability and cash are completely different animals." -Martin
• "Look at the cash flow report, because that's going to give you the honest answer." -Khalil
• "One of the first things you do is prompt billing." -Martin
• "Don't self deselect and say, It can't be done." -Martin

Resources

• Need Marketing Help? We Recommend Benali
• Need Help with podcast production? We recommend Demandcast

More from Martin Holland

• theprofitproblem.com
• annealbc.com
• Email Martin
• Meet With Martin
• LinkedIn
• Facebook
• Instagram

More from Khalil

• benali.com
• Email Khalil
• Meet With Khalil
• LinkedIn
• Facebook
• Instagram

More from The Cashflow Contractor

• Subscribe to our YouTube channel
• Follow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)
• Visit our website
• Email The Cashflow Contractor

Considering bringing on a partner in your business? Find out why having a solid operating agreement is crucial for a successful partnership. Patrick Lane shares key insights you can't afford to overlook!

Time Stamps

• 00:05 - Episode & Guest Intro
• 02:57 - The Importance of Operating Agreements
• 05:13 - When Do You Need an Operating Agreement?
• 08:33 - Key Provisions in Operating Agreements
• 11:05 - Navigating Partnership Dynamics and Legal Advice
• 13:02 - The Real Costs of Legal Disputes in Partnerships
• 14:38 - Management and Financial Considerations in Operating Agreements
• 22:33 - Addressing Distributions, Divorces, and Disputes
• 25:58 - Navigating Tax Provisions in Operating Agreements
• 26:45 - The Importance of CPA Involvement in Business Startups
• 27:37 - Exit Strategies and Expulsion Provisions
• 29:00 - The Essentials of Buy-Sell Agreements
• 31:45 - Funding and Valuation in Buy-Sell Agreements
• 36:47 - Ownership and Voting Rights in Business Partnerships
• 40:47 - Employee Ownership: Pros and Cons
• 43:08 - Non-Compete and Non-Solicitation Agreements
• 47:24 - Building a Strong Advisory Team for Your Business
• 52:46 - Final Thoughts and Advice on Operating Agreements

Resources

• The Advisor Mentor Checklist
• Need Marketing Help? We Recommend Benali
• Need Help with podcast production? We recommend Demandcast

More from Patrick Lane

• Website
• LinkedIn

More from Martin Holland

• theprofitproblem.com
• annealbc.com
• Email Martin
• Meet With Martin
• LinkedIn
• Facebook
• Instagram

More from Khalil

• benali.com
• Email Khalil
• Meet With Khalil
• LinkedIn
• Facebook
• Instagram

More from The Cashflow Contractor

• Subscribe to our YouTube channel
• Follow On Social: LinkedIn, Facebook, Instagram, X(formerly Twitter)
• Visit our website
• Email The Cashflow Contractor