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Planning Ahead

Avoid the Five Fatal Mistakes Business Owners Make

By Steven W. Allen, Esq.

An estate planning attorney describes the five fatal mistakes business owners make: 1) not having a limited liability company; 2) not treating your business like a business; 3) comingling your money; 4) not having a living trust to hold your business entity; 5) not taking advantage of your business tax deductions.

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