Understanding How an Asset Protection Attorney Can Help Your Business
Whether you are starting a start-up, run the family business, or are considering leaving your full-time job to embark on a new career of entrepreneurialism, having a good business and asset protection plan in place is essential. If you’ve never consider asset protection or business planning in the past, here’s what you should know.
How should you structure your business? Is your current structure ideal to your needs and circumstances, or are there better options? What are the tax implications of forming an LLC, partnership, or corporation? Determining the answers to these questions is essential if you want to give your business the best chance at success and growth.
A business plan is something you develop after looking at a variety of options. Depending on your personal goals, business environment, and the legal options available to you, your plan might be nothing like the business plan of your competitors.
An asset protection plan is a collection of legal tools that shield you, and your business, from as much liability is possible. Without the proper asset protection plan in place, business difficulties could lead to serious consequences for you and your family. In the worst-case scenario, someone who sues your business could end up taking personal and family assets in order to satisfy a judgment against you.
No two asset protection plans are identical, and each must meet the individual needs of the business, the business owners, and business environment. The asset protection tool you might need could be very different than those used by colleagues or people you know.
Regardless of your individual circumstances, your asset protection plan will look at the most likely risks you and your business will face, then develop tools that will help shield you from liability. A good plan will not only protect you and your property, but will also protect your business and give you peace of mind of knowing that, should something bad happened, you won’t be left out in the cold.
Individualized Yuma Arizona Asset Protection and Business Planning Advice
Knowing what asset protection steps you need to take and how you need to plan your business is usually something that most people are capable of doing on their own. The Deason Garner Law Firm has years of experience helping our clients manage their business needs, develop comprehensive asset protection plans, and providing them the ongoing support they need as their businesses, and lives, grow and change.
If you haven’t already done so, you need to contact our offices immediately to schedule an appointment to come talk to us about your Yuma Arizona asset protection and business planning options. We offer Free Consultations to be sure you are confident with the planning options available, and have a clear next step to have the proper business protections in place.
“After researching estate planning, my husband and I contacted Deason Garner Law Firm and were pleasantly surprised at the relative ease of setting up a Living Trust. All of the personnel we met at the firm, including but not limited to, Adam and Ashley, went above and beyond their assigned duties to make this happen for us. We feel confident in their expertise in this area and feel that we have made two new friends in Yuma! Thank you!” K. Knight