Domestic Asset Protection Attorney
International Asset Protection Attorney About us FAQ Books & Publications Seminars Links & Resources Contact Us
Corporations
Limited Liability Companies
Limited Liability Partnerships
Limited Partnerships
Asset Protection Trusts
Domestic Asset Protection Trusts
Equity Stripping
Financial Planning Exemptions
Tenancy By The Entirety
Charging Order Protection
International Entities
International Trusts
Captive Insurance Companies
Business Entities
Contract Formation and Review
General Business Counsel
Business Succession Planning
Current Estate Plan Review
Drafting Wills and Trusts
Incapacity Planning
Probate Administration
Charitable Remainder Trusts
Online Asset Protection Quiz.

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 -  for every 60 minutes you spend making money, spend 60 seconds thinking about how to protect it!  

The Presser Law Firm, P.A. - Asset Protection Attorney
Located at 6199 N. Federal Highway Boca Raton, FL 33487. View Map
Phone: (561) 953-1050
Website: