Business Owners — You’re Fighting Two Battles. …and if you only armor up for one, your wealth is exposed. 1️⃣ Inside–Out Liability. This is risk from inside your wealth-creating asset. In business → a slip & fall in your store. In real estate → a tenant injury on your property. The fix? ✅ Form an LLC (properly) as a legal force field — so a harmed party can’t reach your other assets. ⚠️ But here’s the truth: an LLC is just paper unless you operate it exactly as your state statutes require. 2️⃣ Outside–In Liability. This is risk from your personal life reaching into your business. Example → You cause an accident and get sued. They could take your business assets… or the business itself. The fix? ✅ A hierarchical ownership structure: Holding company → in an asset-protection-friendly state (e.g., Wyoming). Operating company → in the state where your commerce happens. Why? Because lawsuits happen where commerce happens — and by separating ownership from ...