In today’s economic environment, people have become more and more concerned about liabilities, asset protection, and securing their future. Many of our clients are concerned that market conditions could cause them to experience economic or financial turmoil that is not within their control. For example, one of my clients did not seem to have any significant financial issues and was paying all of their business’ bills on time. However, when their line of credit was suddenly cancelled due to economic conditions, the cancellation almost caused them to have to close their business. I have been receiving more calls about how to structure asset ownership and how to protect from things going wrong, whether it be lawsuits, debt obligations, or their customers failing to pay, causing them in turn not to be able to pay their bills. There are many methods to structure the ownership and investment of your assets, and the structure of your business, which will offer you greater protection and more security should everything in your life suddenly go wrong. .
Disclaimer:
This information does not constitute the rendering of legal, accounting or other professional services by Pete Benenati or Benenati Law Firm, PC. This information is not intended to create or provide an attorney-client relationship. Although care is taken to present the material accurately, any implied or actual warranties as to any materials herein are hereby disclaimed along with any liability with respect thereto.