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:
Limited Liability Corporations and Family Limited Partnerships
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.