Many people think the LLC charging order is a flexible strategy that provides strong asset protection. Here are some of tactics that don’t work with charging order protections.
[Read more…] about LLC Charging Order FairytalesDon’t own real estate in your name
You can avoid lawsuits entirely by not owning things directly in your name. People who own rental property, brokerage accounts, etc. in their personal names are a favorite target for lawyers looking to sue.
[Read more…] about Don’t own real estate in your nameA common LLC mistake (registered agent)
Acting as your own registered agent or listing your home address can cause big problems for your LLC.
[Read more…] about A common LLC mistake (registered agent)Fear
Fear is the one weapon attorneys have to use against you. Contingency lawyers can file and win frivolous lawsuits because of fear. They use it knowing that you will settle to make them go away, despite not having a valid claim against you.
An asset protection plan takes away your fear of these lawyers. That gives you the power
[Read more…] about FearPrivacy vs. secrecy (asset protection planning)
Asset protection planning offers privacy and anonymity as a benefit. Asset protection is not for secrecy though. You can’t set up a plan to hide your assets from the tax man or to open a bank account without people asking who the customer is behind the entity.
[Read more…] about Privacy vs. secrecy (asset protection planning)Watching the meter
Do you also stare at the taxi meter while it climbs higher and higher? A flat rate helps me relax and enjoy the ride.
[Read more…] about Watching the meter