“As an entrepreneur, you’re spending so much time and energy to create an asset. That ultimately, at one time, that asset is going to set you up for retirement and/or create that generational wealth that you’ll pass on to your children.”

 – Andrea Jenson

Welcome to a brand new episode of the Cash Flow CFO Podcast. Joining me today is Len Garza. Len is the founder of GARZA, a law firm dedicated to defending the financial interests of individuals, families, and business owners. Numerous media outlets, such as Forbes, Entrepreneur, Law Insider, CBS News Radio, Inc. Magazine, and many others, have spoken with Len. A lecturer who is frequently asked to speak on a variety of subjects, such as family businesses, wealth planning, wealth preservation, and legacy asset protection. Len takes pleasure in enlightening his neighborhood and assisting business owners and their families on the road to accumulating and safeguarding generational wealth.

In this episode, we’ll talk about the characteristics of successful business owners that Len has observed, the asset protection advice he gives his clients, and Len’s top advice for entrepreneurs who are considering selling their companies in the next three to five years, and much more!

Join us to learn the whole story!

“We need to figure that out and make sure any bylaws or any corporate documents that you have that everything has been done properly, right? And everything’s lined up. And if it hasn’t, we can correct that. Typically, we can correct that. Some things take longer to correct than others. Some things may take a few weeks, some things may take a few months, right? So that’s why it’s so important, at least from the legal end, it helps a lot if we’re not already going through diligence with a seller on the other line.”

 – Len Garza

Creating and Safeguarding Generational Wealth in The World of Business

The first step in accumulating wealth is to increase your net worth. Making a plan for how your wealth will be transferred to and passed down to future generations is part of building lasting wealth.

According to Andrea, as business owners, we devote a lot of time and effort to building assets that, in the long run, will enable us to enjoy retirement and pass on riches to our offspring.

Building and preserving wealth requires knowledge that only some consumers possess. If you are wise with your money, your daily decisions can pile up and lead to long-term riches. Knowing your back pocket may make all the difference, whether choosing the ideal mix of assets for your investment portfolio, knowing what kind of savings vehicles to utilize for your savings, or understanding how to launch your own business.

“As an entrepreneur, you’re spending so much time and energy to create an asset that ultimately at one time, that asset is going to set you up for retirement and/or create that generational wealth that you’ll pass on to your children.”

 – Andrea Jenson

Want to get in touch with Len Garza?

Website: https://lgarzalaw.com/

LinkedIn: https://www.linkedin.com/in/lengarza/

Facebook: https://www.facebook.com/len.garza.98

Twitter: https://twitter.com/LenGarza4