In this episode of Saving With Steve, host Steve Sexton is joined by Ruth King, a self-professed profitability master for small businesses, founder and CEO of Business Ventures Corporation, and the author of Profit or Wealth?: Simple Rules for Sustainable Business Growth, and Brad Galbraith, an attorney, CPA, and creator of ChangeMyDomicle.com. They discuss:
- How business owners can avoid costly mistakes and effectively build a solid and sustainable business
- How business owners can insulate themselves against further economic fallout during this time
- How every state has its own test for domicile and why failing to pass the test comes at a very high price
- Why ignoring your current state’s laws regarding domicile could lead to unnecessary stress, audits and income tax, and estate tax claims by your current state even after you have attempted to change your domicile
- Five things to consider before changing your domicile, how to change your state’s registry, and how to defend against an audit in reference to your domicile state
Learn more about the show at www.SavingWithSteve.us
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