Why YOU SHOULD STOP Creating 5 LLC Bank Accounts

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🔒 Are you considering setting up multiple LLC bank accounts for your business? Think again! In this video, I'll uncover why this strategy could spell disaster for your finances and leave you vulnerable to costly mistakes.

It's a common misconception perpetuated by some internet sources that setting up five separate bank accounts for your Limited Liability Company (LLC) is the key to effective business management. However, we're here to debunk this myth and reveal the hidden risks behind this approach.

Tune in to learn why the five-bank account strategy may not be the solution you've been led to believe. Don't miss out on this crucial information that could save you from costly mistakes down the line.

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Show Notes:
0:00 Intro
1:15 The Main Issues
3:18 Liability in Your Accounts
6:15 Assets in Entities
9:43 Outro
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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

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