Home About Us FAQ Publications & Press Speaking
Links & Resources Contact Us
Limited Liability Companies
Limited Liability Partnerships
Limited Partnerships
Asset Protection Trusts
Domestic Asset Protection Trusts
Equity Stripping
Financial Planning Exemption
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.

How should someone organize their expanding business?

Here, the best advice is to put your ‘eggs’ into separate baskets. It’s another vital protective strategy. If you use one corporation or LLC to operate one business, then use two separate entities to operate two businesses and so forth. You want to separately incorporate every business. If one fails or is sued, it won’t then endanger the others. Multi-corporations (or LLCs) limit your losses. You can find corporate graveyards littered with once-thriving companies that vanished because all their ‘eggs’ were in one corporate basket. Even the smartest entrepreneurs make mistakes and become saddled with losers. Your goal is to isolate your potential losers from your present or future winners. The only way to achieve this is to compartmentalize each venture with a separate corporation or LLC. You can then more easily and safely shed your losers and build on your winners. Operating your expanding business through one entity will give you the advantage of operational simplicity, but we think protection is far more important – particularly when you’re small, growing and vulnerable. You can own multi-corporations or LLCs through one holding company, LLC or limited partnership. Each operating corporation or LLC would be a subsidiary. Or if you operate through LLCs, check the Series LLC because each cell within the Series can operate autonomously.

Categories: Asset Protection, News
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