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
FIRM OVERVIEW
• Services for the owners of small, privately held, and
family-owned businesses
• Personal Estate
• Business
PHASES OF WEALTH
• Wealth Generation
• Wealth Growth
• Wealth Preservation
WEALTH GENERATION
Getting started.
STARTING A BUSINESS
• Top 5 Lessons Learned
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1. Get official.
2. Know your business.
3. Market intelligently.
4. Get professional help.
5. Plan your exit strategy from day 1.
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
CHOICE OF ENTITY
IS NOT A CHOICE
Some alternatives
• DBA is not an entity
• General Partnership
• Limited Partnership
• Corporation
• LLC
• Series LLC
Whatever you do, choose something.
THE OPERATIVE
DOCUMENTS
Certificate of formation
Operating agreement
• Official state filing
document.
• The “rules” of your
company.
• A small price to pay.
• Lays out the agreement
between the
partners/investors.
EVERYTHING ELSE
Business Owner package
EIN & Assumed Name
& CCRP
• Open a bank account &
hire employees.
• “Register” with the county.
• Minutes & formalities.
• 12 months of outsourced
legal counsel.
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.
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.
BASIC PLANNING
What should one have in place?
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.
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 business decisions
on your behalf.
• Appoints a person to
make medical decisions
on your behalf.
• Bank accounts, financial
accounts, real property &
securities transactions, etc.
• Consenting to a particular
treatment or surgery.
HEALTHCARE FORMS
Directive to Physicians
• Designates whether a
person would like to be
kept alive on life-support if
in a terminal or irreversible
condition.
HIPAA Release
• Authorizes a person who
can access your medical
records.
WHO WILL CARE FOR YOU & YOUR
CHILDREN IF YOU ARE UNABLE TO DO SO?
Declaration of
Guardian for Self
• Appoints a person who will
care for your person and
your estate.
Declaration of
Guardian for Minor Children
• Appoints a couple or an
individual to care for your
children and their estate.
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”
WEALTH GROWTH
The uphill battle.
Beyond Start-Up
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Automation
Standardization
Risk Tolerance / Minimization
Getting Money
Automation & Standardization
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It’s called an “organization” for a reason
All components toward one goal
Communication
Data collection
Analysis
Change / Action
Automation & Standardization
All without you
Risk & Reward
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Tolerance Establishment & Control
Getting Money
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Investors
Loans (Including Refi’s)
WEALTH PRESERVATION
So you want to leave a legacy.
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.
DO-IT-YOURSELF LEGAL
DOCUMENTS, JUST DON’T
What am I getting?
BIG DISCLAIMERS
NO 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”
BIG DISCLAIMERS
NO GUARANTEES
• Info on this website is “not legal advice and is not
guaranteed to be correct, complete or up-to-date”
• “May include inaccuracies”
BIG DISCLAIMERS
YOU’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”
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