Presser & Goldstein, Asset Protection Attorneys
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Domestic Asset Protection
Corporations
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Overview of Corporations

The chief purpose of a corporation is to insulate the owner’s personal assets (or the assets of other businesses) from the debts of the business. You can achieve this same objective with a limited liability company (LLC). But unlike the LLC, the corporation is a poor entity to protect personal assets. The two major drawbacks from using the corporation as a personal asset protector are:

  1. assets you transfer to and from the corporation create various consequences, and
  2. your personal creditors can seize whatever shares you own in the corporation – as well as obligations due to you from the corporation

The limited liability company (LLC) and limited partnership (LP) overcome these corporate disadvantages. They thus play a more important role in personal asset protection planning.

YES, YOU CAN LOSE EVERYTHING!

You may think that your wealth is safe and that you don’t need protection. But don’t delude yourself and accept reality - do not let these scenarios become a reality.
Attorney Web DesignThis website includes materials on how one may protect their various assets in numerous situations; we present general information only. There are many exceptions to the rules and the law may vary from jurisdiction to jurisdiction and laws may also change. Moreover, the entities or strategies discussed throughout this website may result in certain tax or other consequences not freely discussed. Therefore no individual should take action utilizing the information on the website and Presser & Goldstein assumes no liability for actions taken or not taken based on this information. In all instances, the services of a qualified asset protection attorney should be obtained in designing your own plan. Administration

Address: 368 South Military Trail, Deerfield Beach, FL 33442 Phone: (800) 999-9992