As people go through life, they accumulate assets, which are anything of value. Other people want to take these assets away, either through a lawsuit or other judgement or something as simple as taxation…
Asset Protection is the legal maneuvering that is done to attempt to erect barriers around your assets so that they are tough to get to. The higher the barriers and the more of them you have in place, the more secure that your assets are. I made up the term “Asset Defenses” as a phrase to describe all of the various defensive structures that you could use to protect what is yours.
One good Asset Defense is a Corporation, which allows you to engage in a business enterprise and earn money and build equity (stored value in the company). The Corporate structure is designed to put up a wall around the corporation so that things that happen within the business can not easily escape over into your other businesses or your personal life.
Corporations are fantastic tools to contain risk and liability within the confines of the business. But they must be run strictly as a business, a separate entity from you personally, and this means you need to follow some rules… or your Corporate liability protection could be torn to shreds and your personal assets put at risk…
My new product CorporateVeil Pro , is available, and it is a clear, concise step-by-step system, written for the busy business owner. It is designed to get your corporate records ship-shape in 7 quick streps…
Rob Northrup