The Entrepreneurs Guide to Wealth Generation, Wealth Growth , and Wealth Preservation

1. The Entrepreneurs Guide to Wealth Generation, Wealth Growth, and Wealth Preservation A special presentation for StartUP Marathon13 By Saeed Tellawi and Thais Amaral Tellawi April 20th, 2013

2. Firm Overview • Services for the owners of small, privately held, and family-owned businesses • Personal Estate • Business

3. Phases of Wealth • Wealth Generation • Wealth Growth • Wealth Preservation

4. Wealth Generation Getting started.

5. Starting a business • Top 5 Lessons Learned • 1. Get official. • 2. Know your business. • 3. Market intelligently. • 4. Get professional help. • 5. Plan your exit strategy from day 1.

6. Business Formation Package Getting Official • Choice of entity advice • Entity Formation • Operating Agreements / Bylaws • Federal Employer Identification Number • Assumed Name Filing • Amaral Tellawi’s Business Owner Package • 12 Months of Corporate Counsel Retainer Program

7. Choice of Entity is Not a Choice Some alternatives Whatever you do, choose something. • DBA is not an entity • General Partnership • Limited Partnership • Corporation • LLC • Series LLC

8. The Operative Documents Certificate of formation Operating agreement The “rules” of your company. Lays out the agreement between the partners/investors. • Official state filing document. • A small price to pay.

9. Everything Else EIN & Assumed Name Business Owner package & CCRP Minutes & formalities. 12 months of outsourced legal counsel. • Open a bank account & hire employees. • “Register” with the county.

10. Marilyn Monroe • Died at age 36.   • 75% of her estate to her acting coach, Lee Strasberg. • Included her licensing and royalty fees. • Annual income from use of her image: over $1,000,000. • She included “wishes” that it be later be donated to charity.

11. Marilyn Monroe • Lee died in 1982 leaving his estate to his widow, Anna. • Marilyn never knew Anna! • After Lee’s death Anna was named primary beneficiary and administrator of Marilyn’s estate. • Fun Fact: Burial plot directly above Marilyn’s sold for $4.6Million back in 2009.

12. Basic Planning What should one have in place?

13. Basic Planning Last Will and Testament • Distributes your assets after death. • Appoints a person who will manage your last affairs. • Appoints guardian for minor children, if any.

14. What if you’re incapacitated and can’t make decisions for yourself? Statutory Power of Attorney Medical Power of Attorney Appoints a person to make medical decisions on your behalf. Consenting to a particular treatment or surgery. • Appoints a person to make business decisions on your behalf. • Bank accounts, financial accounts, real property & securities transactions, etc.

15. Healthcare forms Directive to Physicians HIPAA Release Authorizes a person who can access your medical records. • Designates whether a person would like to be kept alive on life-support if in a terminal or irreversible condition.

16. Who will care for you & your children if you are unable to do so? Declaration of Guardian for Self Declaration of Guardian for Minor Children Appoints a couple or an individual to care for your children and their estate. • Appoints a person who will care for your person and your estate.

17. Unmarried Couples: What they don’t get • No unlimited marital deduction • No rollover of retirement benefits • No automatic hospital access • No intestacy protections • No automatic revocation of estate planning provisions upon “divorce”

18. Wealth Growth The uphill battle.

19. Now you’re set at home… • Beyond Start-Up • Automation • Standardization • Risk Tolerance / Minimization • Getting Money

20. Developing “Auto Pilot” • Automation & Standardization • It’s called an “organization” for a reason • All components toward one goal • Communication • Data collection • Analysis • Change / Action • Automation & Standardization • All without you

21. Taking it to the Next Level • Risk & Reward • Tolerance Establishment & Control • Getting Money • Investors • Loans (Including Refi’s)

22. Wealth Preservation So you want to leave a legacy.

23. Generally • Plan your exit from day 1. • Business Succession Planning (Buy/Sell) • Make yourself a dispensable part of your business. • Keep your estate plan current.

24. Do-it-yourself legal documents, just don’t What am I getting?

25. Big disclaimersNo legal advice • Website “is not a law firm” • Website “does not practice law or give legal advice” • “Employees are not acting attorneys” • “Not a substitute for the advice of an attorney” • “You are representing yourself”

26. Big disclaimersNo guarantees • Info on this website is “not legal advice and is not guaranteed to be correct, complete or up-to-date” • “May include inaccuracies”

27. Big disclaimersYou’re on your own • Advice received “should not be relied on for personal, medical, legal or financial decisions” • “Your use of the site is at your own risk”

28. We didn’t get to your question? Call us at 832.295.0770! Or email us: t@amtell.biz or s@amtell.biz. For more info visit us online: amaraltellawi.com 2519 South Blvd, 2nd Floor, Houston, TX 77098