@originaldohnthornton: Most business owners are drowning in compliance requirements they barely understand.
Corporate minutes.
Annual meetings.
Resolutions.
State filings.
Compliance logs.
Miss one thing?
Now the corporate veil can potentially get pierced in a lawsuit.
That’s the problem with LLCs / Corporations.
The protection only works if everything is done PERFECTLY.
And most business owners make mistakes without even realizing it.
Meanwhile, they’re still dealing with fully taxable entities and public exposure on state records.
But a contract law spendthrift trust operates completely differently.
No corporate minutes.
No annual shareholder meetings.
No public state registration like LLCs / Corporations.
Just powerful lawsuit protection, far greater privacy, and no taxable events.
Same business.
Completely different financial structure
If you want to learn more, send me a DM and say “Corporate Minutes” and I’ll get you more information (info purposes only; not a licensed tax, legal, or accounting professional) #taxdeductions #taxsavings #taxreduction
It’s not just the Spendthrift provision that protects you from creditors! It’s also how your distributions are set up along with your trustees powers of discretion for beneficiary distributions. These all have to be structured a particular way in order to have true protection
2026-07-03 14:36:24
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user1637385235635 :
Cooperate minutes
2026-07-03 12:16:07
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