Business owners and Doctors are increasingly bombarded with a variety of asset protection information from different sources of varying skill and experience. One common tool that attorneys and non-attorney promoters alike often focus on is the limited liability company or “LLC.” Unfortunately, because LLCs are relatively simple to create and maintain, they are routinely misused […]
Personal Liability Insurance Umbrella Policies Remain Vital Asset Protection for Doctors, Business Owners
The law, like medicine, offers few absolutes: Personal liability umbrella policies are not a “magic bullet” that either always or never works. Despite their limits, they remain a key tool in your personal asset-protection plan and your most essential (and affordable) first line of defense. We’ve discussed the fact that many doctors and business owners […]
Is a Captive Insurance Company a Fit for Your Business or Medical Practice?
In our two previous discussions we introduced the general concept of a captive insurance company (captive) as well as specific qualifying questions to help doctors pick a good captive administrator. This week we examine some key issues that can help determine if your specific medical practice is at the point where a captive may create […]
VIDEO – How Asset Protection Works
A great simple explantion in this video by my friend and associate Douglass Lodmell:
Arizona Anti-Deficiency Overview – An Asset Protection Road-map
As we have discussed often in this forum, Asset Protection NOT just about lawsuits, it’s increasingly about any source of loss, risk or exposure to your hard earned wealth. In some cases your assets themselves, like real estate, create the liability we are concerned about. Given the carnage in the real estate market over the […]
Computer Disposal at Your Business or Medical Practice: The Other Hazardous Material – Asset Protection
We start 2012 by addressing something you may have already done — replaced or updated computers and other electronic equipment in your practices – and the liability it creates. Like many other businesses, medical practices often replace or order new computer and electronic equipment at year end to generate additional expenses and deductions and to […]
