We’ve implemented asset protection planning for a variety of CEOs and executives for many years. Some of these clients are highly compensated executive employees of public or private corporations, others are the owners (and hence the executives) of their own closely held businesses. Given the social and economic climate of the last few years and […]
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 […]
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, […]
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 […]
