Do You Need to Form Another Entity in January to Really Protect Your Assets? Or, Are You Starting Another Business?
As another year comes to an end, we hope yours was successful and you are looking forward to the New Year.
As part of your New Year goals and plans it is really important to determine if there are other areas to protect your business or assets. Let me ask you an important question that comes out often this time of the year.
Are you considering forming another entity in January (or December)?
Here is a list of the Top 10 Areas to Protect Your Current and Future Assets and Form another Entity.
Here are the top reasons our research shows you should consider:
10. An LLC to protect the stock of your C Corporation. Even if your living trust owns the stock of the C corporation that will not provide protection from liability (the exception is a Nevada C corporation because Nevada is the only state in the country with the charging order protection for corporations). Are you a part of a C corporation as a majority owner with other partners? How do they hold their ownership interest? If they own it personally that is an issue. Don’t let happen to you what did to a prospect a few years ago when he lost his $3 million computer company from a personal lawsuit!read more