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Blog Posts in May, 2013

It sounds then that while you may recommend a corporation to conduct a business, would you normally use one to protect your personal assets?

No. For a corporation to give you inside protection, you must transfer your personal wealth to the corporation. You would then no longer personally own your boat, car, paintings, etc.; instead your ...
Continue reading "It sounds then that while you may recommend a corporation to conduct a business, would you normally use one to protect your personal assets?" »

Is an S corporation as protective as a regular C corporation?

S and C corporations provide the same limited liability. They differ only in how they are taxed. There are also restrictions as to who can be stockholders in an S corporation. One restriction is that ...
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When is a business too small to incorporate?

No business is too small to incorporate because no business is safe from lawsuits. Obviously, the larger enterprise has more need for corporate protection if only because it is a larger lawsuit ...
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You indicate that corporations are another possible firewall. How does a corporation protect assets?

A corporation creates a barrier between your personal assets and the corporation's creditors. In other words, you gain 'inside-out' protection. You personally insulate yourself from the ...
Continue reading "You indicate that corporations are another possible firewall. How does a corporation protect assets?" »
The Presser Law Firm, P.A. - Asset Protection Attorney
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