1
00:00:00.000 --> 00:00:03.360
Johny Fernandez: His advice for new
market entrants is to not skimp on the

2
00:00:03.360 --> 00:00:06.450
nuts and bolts, it's super important
that

3
00:00:07.890 --> 00:00:13.050
David Roitblat: you have a good
relationship with your accountant. With

4
00:00:13.050 --> 00:00:17.820
your legal team, you're set up properly
from day one. So if something happens,

5
00:00:17.850 --> 00:00:24.030
you're protected if you don't do proper
accounting, a typical example most

6
00:00:24.030 --> 00:00:29.520
people don't realize if you spend
personal expenses through your

7
00:00:29.520 --> 00:00:38.130
corporation bank account and you get
sued one day the opposing attorney can

8
00:00:38.340 --> 00:00:44.250
argue that you're using your your LLC or
corporation as your personal bank

9
00:00:44.250 --> 00:00:49.110
account and you should not have the
protection that LLC you know, protects

10
00:00:49.110 --> 00:00:51.810
you they kind of help pierce the
corporate veil