Asset protection issues for business owners and physicians aren’t contained by the walls of your business. A recurring risk I regularly deal with and answer questions on from clients is the effect of extended families and old-world cultural norms on asset protection plans. Lost In Translation — When Old World Values Create Current Legal Risks […]
Business Partnership Breakup: 5 Survival Tips
Breaking up is hard to do, that goes for your business as well. Below are five simple tips to consider BEFORE you start a business, or break one up. Just as with a real marriage, the best, most predictable and most cost effective planing is done before you consummate the relationship. In other words, always […]
Why ALL Business Partnerships Must Have a “Buy-Sell” Agreement
Any business or medical practice with multiple owners must have a funded buy-sell agreement in place to protect the partners and their families from the death or exit of a partner. We look at what should be covered in this essential legal document and what happens when it isn’t complete. What is a “buy-sell” agreement? […]
Captive Insurance Companies In Harm’s Way
Captive insurance companies owned by small businesses and doctors are often thinly disguised abusive tax shelters. Their owners and their promoters are currently being harshly examined by the I.R.S. and knowing what to ask, what do and what not to sign will be vital to the financial futures of all involved and can put you […]
The Weinstein Effect: Protecting Your Business, Employees From Sexual Harassment
Workplace sexual harassment is a risk every entrepreneur must be informed of and manage. The Harvey Weinstein Effect Starting with the floodgates that opened with the alleged egregious actions of Harvey Weinstein, headlines across the U.S. feature claims of sexual harassment, assault and misconduct with news stories literally breaking by the hour on some days. Last week […]
Protecting Your Business From Cyber Liability
Data Breach and Cyber Liability insurance is a vital first line of defense against a variety of exposures for any business that takes payments, has confidential information, uses social media or has a duty to protect HIPAA information, as just a few examples. Asset Protection lawyer Ike Devji explains what every business owner and entrepreneur […]
Video: Common Asset Protection Mistakes Pt. 3
Asset protection lawyer Ike Devji discusses common fatal mistakes in asset protection planning. In part 3 of his 5 part interview series with financial expert Steve Savant Ike discusses how entrepreneurs and business owners might use the wrong legal tools or actually drag liability back into their safe legal planning.
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, […]
How to Pick an Asset Protection Lawyer – Key Due Diligence Questions and Caveats
By Ike Devji, J.D. The last 8 years has created an explosion in the Asset Protection planning field due to both the large number of people who have finally realized that their wealth is more finite and fragile than they ever imagined and the litigation boom that inevitably follows tough times. Unfortunately, this new found […]
