Is my DEFINED BENEFIT PLAN safe if my employer goes out of business? – Asset Protection

If your employer goes out of business, any retirement plan your employer sponsored will be terminated. If the plan is a 401(k) or other defined contribution plan, your benefits are held in trust, apart from your employer’s assets, and you’ll generally be entitled to receive your full account balance in a lump sum. (You can […]

Former NFL Star, Jim McMahon named in FDIC Lawsuit – Board Member Liability – Asset Protection

The FDIC brought a lawsuit against Illinois Broadway Bank and former NFL player Jim McMahon is one of the seven former board members for the bank.   The FDIC is suing to recover $104 million from 17 bad loans that the bank made before it shut down in 2010. We warn all clients about Board […]

Business Owners and Managers CAN Influence the World for the Better – Choose To Do So

Like you I get a lot of email newsletters on variety of business and legal issues every day, much of it negative or scary . Most of them are unremarkable and get skimmed and deleted quickly. Every once in a while you get a gem, a good reminder of something you should be doing or […]

Intangible Traits of Successful Business Leaders – Success and Leadership

By Ike Devji, JD The majority of our discussions in this forum focus on specific intelligence and business tactics that support and preserve your success. However, I’m reminded of the less tangible elements of success on a regular basis by people I come across in my work. In most cases the things I make note of […]

Business Structure Provides Protection From Investor Lawsuits – Asset Protection

A brownie supplier to Ben & Jerry’s ice cream, a skateboard maker and a payday lender are among the hundreds of existing businesses that plan to incorporate as “benefit corporations” in coming months. They will be taking advantage of a new and untested corporate charter, available in only a half dozen states, allowing a company’s […]