Articles on Asset Protection Planning

Tip #1 – Hold property in an entity; a Limited Liability Company or a Corporation. A business entity such as a limited liability company (LLC) or corporation, properly established and administered, will help shield your assets from lawsuits or claims made against those businesses. It is important to keep in mind, however, that a LLC or corporation is not a silver bullet, and the entity may not ultimately protect your assets if not properly administered. See Tip #5 below. Tip #2 – NEVER enter ... [Continue Reading]