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Look, you HAVE to separate your business and personal assets – if you don’t then you might as well take all the protections of being an LLC or Corporation and throw them in the trash.
50 Cent knows all about this. He has several businesses and although he has publicly done some pretty ignorant things (like putting out that tape and being ordered to pay the victim millions) he has some good business sense. Many wondered why he filed bankruptcy, but like most millionaires know, it's a strategic tool that can help you manage your debts.
What if 50 hadn't properly setup his companies or what if he used one account for all his businesses? He would have been in big trouble when those lawsuits started rolling in.
I'm hesitant to say be like 50, so I won't, but we can learn something from his business acumen - seperate your assets, protect your businesses and think twice before objectifying women - if you have millions, it'll cost you.
By not keeping your assets separate you can potentially be sued for everything you’ve got whether it’s in your name or not.
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مع الأستاذ المحامي أحمد القحطاني الأمين العام المساعد لاتحاد المحامين العرب.
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مع رئيس وأعضاء مجلس إدارة جمعية المحامين الكويتية على هامش أعمال مؤتمر المبادئ الأسياسية لمهنة المحاماة.
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على هامش أعمال مؤتمر المبادئ الأساسية لمهنة المحاماة المنعقد بدولة الكويت الحبيبة.
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