Help! My business is successful and I have no assets or money!
In today’s world, it’s difficult to avoid liability. The number of companies exposed to astronomical liability for the most basic of mistakes, is increasing at an alarming rate for companies engaged in manufacturing, transportation, oil and gas, law, healthcare, as well as any company that provides goods and services. Therefore, how do you legally protect your hard-earned assets and money from liability claims that can exceed your insurance policy? Additionally, how do you protect your assets from claims exempt from coverage from your liability insurance policy? The simple answer is, good asset protection planning prior to a catastrophic event occurring. The first step in asset protection is recognizing that you have a potential problem. Statistically speaking, the longer you are providing a service and/or selling a product, the more likely that a m