Brandon Green is an internationally celebrated serial entrepreneur, best known for founding and growing one of the nation’s most successful real estate organizations, Keller Williams Capital Properties, with sales now exceeding $2 billion annually. Brandon is the founder and CEO of Chapter2Ventures, a Washington, DC-based holding company on a mission to help entrepreneurs build sustainable wealth through learning, investing, and connecting. C2V operates several high-impact businesses including The Alchemy of Money®, a financial training and investing platform for small business owners. Brandon is on a mission to help entrepreneurs increase their leadership capacity and build sustainable wealth for themselves through technology, learning experiences, and impact investments.
1. Have a detailed, written tax plan that is tailored to your specific financial situation. This goes beyond just filing taxes. A good tax plan will identify all potential tax benefits and deductions you qualify for and help you strategically decide which ones to take advantage of based on your long-term goals.
2. Ensuring your legal business entity (ie. LLC, S-Corp) remains in good standing by filing required annual paperwork and paying fees. Failing to do so can leave you without the legal protections your entity needs to provide.
3. Conduct an annual review of your insurance policies (general liability, property, cyber, disability, life, etc.) to ensure you have adequate coverage. This can help identify gaps or outdated coverage that could leave you vulnerable in the event of an incident.
4. Make a concerted effort to continually educate yourself on financial best practices, whether through regular meetings with a financial coach, taking classes, reading books or listening to podcasts. This helps ensure you're making informed decisions to grow your wealth.
Financial Checklist: EDUCATION
- Are you meeting at least 3 times per year with a financial coach and/or mentor?
- Have you signed up for at least 1 financial training class per year?
- Are you reading 1 financial improvement book?
- Are you listening to 1 financial improvement podcast?
Financial Checklist: RISK MANAGEMENT
- Are you doing business in the name of a legal entity?
- Have you marked your calendar for the annual entity registration fee to keep it in good standing?
- Are you having regular shareholder meetings and documenting the corporate minute book?
- Are you ensuring compliance of your entity legally and tax-wise to keep it in good standing?
- Are you meeting with your business attorney annually to discuss your legal exposure?
- Have you scheduled an annual insurance audit to review general liability, property/casualty, cyber, disability, and life?
Financial Checklist: TAXES
- Do you have semi-annual appointments on your calendar with your CPA?
- Do you have a written tax plan in place?
- Have you marked your calendar with the various tax due dates throughout the year?
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