While many well-intentioned business owners and professionals are concerned about the possibility of a potential lawsuit, very few have asset management plans in place, leaving them vulnerable to legal actions and often times significant losses. Advanced asset protection strategies can help protect your assets in the event that you or your business are targeted in a lawsuit, victimized by creditors, or involved in divorce proceedings.
Asset Protection Attorneys servicing Orange County & the Inland Empire with offices in Tustin & Chino
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Asset Protection Strategies
From personal injury suffered on your premises, to liabilities arising from malpractice or misconduct, business owners must be aware and prepared for all types of circumstances. While it is impossible to control the unforeseen and unfortunate, you can minimize the risk associated with the outcomes of these events.
The first step to protecting your assets is to know your options. Below are a few of the advanced strategies our attorneys utilize to help you protect your most prized possessions.
Asset Protection Services in Chino
What is Asset Protection?
Asset protection is a form of wealth management, helping preserve your personal and/or business assets so that they may be distributed the way you choose to whom you choose, and out of reach from creditors, debtors and lawsuits. Talk with an experienced asset protection attorney about your long and short term financial goals to come up with an asset protection plan that will be most beneficial for you.
Mitigate Risk to Personal Liability
In order to ensure that personal assets for corporate officers, directors and business owners are not at risk, it is important to have a thorough personal liability plan in place. Some of the risk can be minimized through proper business formation; however, it may be necessary to have other plans and strategies in place in the event of a lawsuit, bankruptcy or debt collection.
Business Partner Lawsuits
Protect Yourself Against Lawsuits from Former Business Partners
Proper business formation can also help alleviate some of the risk for potential lawsuits between business owners or partners. At the formation of the business, when both parties are cordial, terms can be put into place in the event of a disagreement. However, the protection under business formation can only reach so far. Or what if the business has already been formed? Asset planning attorneys are experienced in forming plans to help mitigate the risk of lawsuits between business owners and partners.
Consult With an Experienced Asset Protection Attorney Today
When you are ready to talk to an experienced attorney about your asset protection needs, we will be here for you. Reach out to us today online or by telephone at (909) 334-1425 for a FREE CONSULTATION.