In Episode 62, I sit down with attorney and founder strategist Scherrie L. Prince — host of the Play Big Faster Podcast — for a candid conversation about what it truly takes to protect a business you’ve worked hard to build. Scherrie advises entrepreneurs and closely held companies at the intersection of business strategy and estate design, and she makes a compelling case that these two disciplines should never live in separate files. Drawing on her own path — from a Mississippi farm, through a probate dispute over an estate left with no will, a handshake partnership that unraveled, and the 2008 crash — she explains why control in a business must be intentional, not accidental. Together, we unpack the idea of building a “moat” around your assets: the layered protections — documentation, corporate formalities, insurance, and legal structure — that keep a creditor from “piercing the corporate veil.” Scherrie discusses the coordinated advisory team every founder needs (CPA, attorney, financial advisor, insurance agent, and banker), the spousal consent most owners never consider, the four questions to ask before taking on a partner or investor, and why every founder should reverse-engineer their exit from day one. It’s a practical, wide-ranging conversation with one reassuring throughline: no decision in business is fatal — as long as you surround yourself with the right people and plan ahead. About the Guest Scherrie L. Prince is an attorney who advises entrepreneurs, closely held companies, and founders navigating expansion, partnership changes, and succession. Her work centers on ownership structure, governance clarity, incentive alignment, and exit design. Unlike traditional advisors who separate business planning from estate planning, Scherrie integrates the two — helping owners align their operating agreements, entity structure, and long-term transfer strategy so that control is intentional, not accidental. She is also the host of the Play Big Faster Podcast, where she interviews founders and industry leaders on business, marketing, and the trends shaping long-term growth and leverage. Connect With Scherrie WebsiteLinkedInPodcast: Play Big Faster — available everywhere you listen, and video-first on YouTube Send us Fan Mail Support the show Feel free to reach out to Your Financial Maven® at www.yourfinancialmavenpodcast.com. I would love to hear from you about your money story or insights! Do you want to me a be a guest on Your Financial Maven®? Click here to fill out the Guest Inquiry form. Become a Supporter by the furthering of Financial Education Empowerment and get a shout out in an upcoming episode: YFM+ Supporter _______________________________________________________ The purpose of this podcast is to provide general information on the subjects discussed. It is for educational, informational, and entertainment purposes only. It is not meant to resolve your specific financial needs or situations. Please consult with your CPA, tax, or financial professionals. Your Financial Maven® is produced and hosted by Samantha M. Besnoff, CPA. Editing by Kris Zarnoch of KMZen Creative. Music written, composed, and performed by Daniel Shore
