ASSET PROTECTION

Shielding Business and Personal Assets

The primary goal is to identify practical strategies to protect your assets from taxation and liability claims such as:

Personal liability for a business (for corporate officers and directors)

Liability as a guarantor for the debts of another

Professional malpractice liability

Suits by former business partners

Claims of personal injury suffered on personal or business property

Claims of personal injury involving a car accident

Liability arising from personal malfeasance

 

Tools to Protect Your Personal and Business Assets

At Burns Poulsen, PLLC,  we have broad experience designing

strategies to protect wealth. We can review your assets, the

structure of  your business, your business practices and risk

factors, and opportunities for legal exemptions. We can advise

you on options for shielding your assets and the advantages or disadvantages of keeping your assets in your name or accruing

all wealth to your business.

Tools within the protection plan may include:

Legal exemptions

Insurance

Trusts

Limited Liability Corporations and Family Limited Partnerships

Retirement accounts

Annuities

Insurance, including key man insurance and additional liability insurance

Once a tool has been developed, it must be put into place and money must regularly be swept out of the business entity into the asset protection mechanism. 

In order to maximize the effectiveness of your asset protection plan, our firm coordinates its services with your Certified Public Accountant, insurance professional and/or wealth management advisor to assure that all plans (legal and financial) are integrated to optimize tax benefits and legal protections.

Please call us today for a free consultation.