Crisis Management Plans for Business Owners and Doctors: Personal Saftey

The recent tragic events in Washington, Colorado and Wisconsin are just three examples of the realities that leaders and executives of medical practices must be prepared to deal with in an effective and organized way. Unfortunately for most of us, the first time our name is in the newspaper is usually not a happy event; […]

Private Offerings, Crowdfunding and Raising Capital – Asset Protection and Liability Issues to Avoid

 A big part of asset protection is risk management, or doing things the right way the first time to avoid future expenses and legal exposure. Many of the HNW private business owners and entrepreneurs I deal with have shared their success with others by raising capital for various projects and allowing others to invest in […]

Protecting Your Business: Trade Secrets and Intangible Assets

Convert Your Intangible Assets Into Corporate Crown Jewels Many businesses have substantial amounts of intangible assets in various forms that comprise a good portion of the business’ value. Today we turn to Attorney Scott Gibson with Law firm of Davis, Miles in Tempe Arizona for guidance on how to do so in a safe and reliable […]

Personal Guarantee Insurance for Doctors, Investors, Business Owners

Personal Guarantee Insurance for Doctors (and everyone else) Source: Physicians Practice Non-medical business exposures that threaten doctors’ financial solvency continue to grow in scope and number. This week we take a look a relatively new type of risk-management product: Personal Guarantee (PG) Insurance. We’ve covered both exposure related to residential and commercial real estate debt […]

Asset Protection Trust Jurisdictions For Doctors Part 2: Going Offshore

Last week marked the second chapter of our discussion of asset protection trusts for doctors, with a look some basic issues of jurisdiction, that is, what geographic location’s set of laws control the trust. For those who want a potentially higher degree of security with a longer track record, offshore tools like international asset protection […]

The “C” Word in business: Vital Issues To Consider With C-Corporations

The article linked below contains some simple and important issues to consider regarding the taxation of C-corps. As an asset protection attorney I’ve never been a fan of them because they are weak , if not defective from a creditor perspective as the shares can actually be taken from you as an asset and handed […]

What Could Bravo’s ‘The Queen of Versailles’ have to do with Asset Protection?

Quite a bit actually as it shows the stupidity of reckless excess spending, the importance of having cash (even for the rich) and the failure of most contemporary estate planners and business lawyers to plan ahead and think defensively, yes even the super smart ones who work only with rich people. – Ike Devji   […]

Bad Advice Doctors, Business Owners Get from Financial Advisors

As we have discussed here multiple times in the past, the most effective wealth preservation planning has four key components: tax planning, legal planning, investment planning, and insurance planning. Fortunately, more advisors from different disciplines are adopting a more holistic view of their clients and educating themselves in a variety of areas outside their own […]

Corporate Officer and Director Liability for Crimes Comitted By Company – CEO ASSET PROTECTION

An area of liability and exposure that is becoming more common and which is routinely overlooked in planning is  Officer and Director liability including both civil and criminal liability. This issue affects a variety of C-level executives from the traditional C.E.O. right through C.T.O. as the witch hunt continues. The first lines of defense are simple, […]

Seven Ways To Survive a Business Cashflow Crunch – CEO/Entrepreneur/Startup

Over the last few years the concept of Asset Protection has greatly expanded to include not just the traditional threats like litigation exposure, but effective risk management on all fronts, including cash flow and other solvency related issues magnified by the economy. We’ve covered many of these issues here including those related to real estate, […]