Asset Protection for Entrepreneurs
Most inventors take tremendous care in forming their business and creating the planned structure for their endeavor. They weigh the benefits of creating an limited liability company, LP, sub-chapter S-corp., or C corporation. This gives a shield of protection that protects you from the activities of your enterprise in the event of litigation. They also insure the entity to protect it from itself. But most entrepreneurs stop there. Protecting your business also requires creating a shield that protects your enterprise from you. The higher the asset value your company grows, the larger the bulls-eye on your backside for predatory lawyers and frivolous litigation. With nearly 1.2m working lawyers in the USA alone, the must get paid somehow, and they tend to go where the investment is. If you don’t create the proper wealth management plan to protect yourself, you are at significant risk to losing your assets. There are several options to implement this shield around your portfolio. Limited liability companies, LP’s, offshore and domestic trusts, and liens are a few tools we use to give you that “sleep at night” insurance. For example, Nevada limited liability companies offer charging order protection and legal privacy not offered by other business entities. Visit click here for asset protection planning.
Stay awhile and monkey around!