Tag Archives: window

Asset Protection: Close the Window of Opportunity

Asset protection is very important for many people, and it comes in different forms. It is said that we live in a litigious society, and it is possible to position your assets in a safe manner. We will look at the spectrum in this blog post. Asset Protection for Business Owners and Professionals If you own a business or professional practice, you may want to take steps to separate your personal property from the actions of your business. For example, let s say that you are a landlord. Renters and people who visit commercial spaces that you are renting out could potentially get injured on property that you own. Under these circumstances, legal actions may be initiated. To make sure that your own personal assets are protected, you could use an asset protection structure of some type. One possibility is the family limited partnership. As the name would suggest, the people in the partnership are all family members. If you establish the family limited partnership, you would be the general