I wish that it was as easy as just filing a form with the State and you have magical tax savings and bullet-proof asset protection, but that’s simply not the case. Operating your business in the S-Corporation format can provide some amazing benefits, but if we...
Most business owners understand the concept and importance of isolating assets or ventures that may expose them to personal liability. As such, the primary strategy to protect our personal assets from these risks has been to use the Limited Liability Company...
Recently I have had more and more clients asking about benefit corporations and if they are a good choice for them in their business structure. The main purpose of this type of company is to pledge a certain amount of profit to an admirable charitable purpose and make...
I know this may sound a little odd coming from a man that has been advocating small business since age 8. I was out there on the street trying to talk my little brother into helping me with my lemonade stand and various other hair brain schemes even through high...
Privacy is NOT asset protection…however Privacy can enhance Asset Protection. In fact for example, protecting your home from a lawsuit and protecting your identity from the public are two very different things. To tackle this difficult topic of privacy...
The Domestic Asset Protection Trust is the most cutting edge and most affordable asset protection tool in America today. However, they aren’t statutorily recognized in each state, and because of this one has to be careful when and how to use this specialized trust....
