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Asset ProtectionLack of proper Asset Protection is your single worst enemy as a business owner. Why is asset protection so important? When you own and run your own business, you’ve already put too much on the line to have to worry about losing everything you own in addition to your business in the event of a lawsuit because of poor Asset Protection planning. It’s a fact, if you earn more than 50K per year you have a 1 in 4 chance of being sued in the next 12 months (USA Today), which means that it’s not a matter of if you will be sued; it’s a matter of when you will be sued. Asset Protection does not have to be a complicated plan. By simply incorporating your business or forming an LLC , you can put the tools in place to protect you and your family from becoming the unsuspecting victims of a lawsuit. It’s too late to start researching asset protection once you’ve been named in a suit. Without a plan, you are at risk of losing everything, including your retirement savings, your home, your children’s education funds, your vehicles, etc. Your best protection is yourself, and you can start now by seriously looking at a business structure that will bullet-proof your entire life’s work. The Importance of PrivacyThrough Asset ProtectionIn a world of rapid information exchange, privacy has become an ever-increasing issue for individuals everywhere. If someone is considering suing you, most likely their attorney will first conduct an asset check to see if you have anything worth suing for. If your wealth is out front and center for anyone to exploit, the answer for the enquiring attorney is easy. However, imagine if through your Corporation, you could maintain your current lifestyle while keeping the true value of your assets out of the reach of predators? By using your Corporation, you can prevent prying eyes from discovering your personal wealth. Nevada’s excellent privacy laws insure that your name does not need to be present on public record. In fact, you can maintain full control over your company by taking advantage of a nominee officer to act as your company’s representative. There are a number of simple yet extremely valuable strategies that allow individuals to legally and effectively use their Nevada Corporations to protect themselves and their families from lawsuits while also reducing taxes in their home state. For more information about how you can put these asset protection strategies work for you, download our FREE essential guide. Corporate Office Services, Inc. does not render legal, accounting or other professional service. If legal, accounting or other expert service is required, the services of a professional person should be sought. Content Copyright 1997-2003, Corporate Office Services, Inc. |