Are you a target for the “Lawsuit Lottery”
On average there are 50,000 new lawsuits filed every business day. Many of these lawsuits are frivolous and filed by those looking to make a quick buck off someone else’s hard work and success. You’ve read the headlines and heard the stories; “Woman spills hot coffee – Awarded millions!” You don’t have to be worth millions to be a target. In fact, most lawsuits are for much less. Let’s face it, these days if you have anything of value there are those willing to do anything to take it from you.
Predators use public databases to access information to determine your net worth. Those with judgments can be required to list their assets the courts to satisfy a creditor. Court records of debtors examinations are a matter of public record and can be easily accessed. Another simple way is to search county records for filed wills. Wills have been known to not only to disclose someone’s assets but where those assets are located.
A properly structured and implemented asset protection strategy will reduce the size of your target for lawsuits. Don’t wait until it’s too late. Call our strategy consultants today at 800-344-1294 for your free asset protection evaluation.
"I was sued and won! But why does it feel like I lost?"
That’s because you did lose! You lost valuable time from your business, your family and your friends. You lost money. Money that went to pay for your attorney (the other guy most likely got his attorney for free) and money that was lost due to your absence from your business. How about the sleep you lost? What about the stress you and your family suffered? What would happen to your reputation? How do you put a price on that? You can always counter-sue to recoup your costs, right? Usually, predators that engage in “Legal Extortion” have little or nothing of value to satisfy your losses. They are “Judgment-Proof!”
How Do I Protect Myself From Being Named In a Lawsuit?
Here’s a headline you’ll never read….”Homeless are being sued in record numbers!”
I’m guessing you probably don’t want to be poor and destitute just to avoid being a target for a lawsuit. A key component to any strategy is privacy. Maintaining a low profile by keeping your name off the title of an asset such as your vehicles, investment real estate, etc. can greatly reduce your exposure to predators. John D. Rockefeller summed it up in these prophetic words: “Own Nothing, but Control Everything”. Controlling an asset has all the benefits of ownership without the liability or risk of ownership.
Is Timing Important When Protecting My Assets?
Consider what it would be like trying to buy fire insurance while your house is in flames. Timing is critical for any asset protection strategy to be effective. Your asset protection strategy must be in place prior to any event that could result in a lawsuit.
Unfortunately, most people only begin to consider what they can do to protect their personal and business assets once they’ve been served with a lawsuit. By then it’s typically too late. Any action you take to hide, transfer, or liquidate assets for less than fair market value, could be considered fraudulent conveyance by the courts. This could result in those assets being seized by the courts and possible criminal charges against you.
It is far better to have your asset protection strategy in place a year too early, than one day too late!
- Business Updates. More...
- Foreclosure Updates. More...
- "Tax Shock" for Sole Proprietors.
Contact us for recent newsletter.
NEWS
- Investors legally creative with IRA Funds
Savvy investors have been setting up a Self Directed-IRA LLC to control retirement funds for stock, commodity & real estate. Set up correctly it is effective but there are certain precautions. More...
- Corporate Nevada Exclusive "Fly-In" Plan.
- With pre-paid "Ultimate Privacy Package", Corporate Nevada will fly you in to see your Nevada office and staff in Tahoe. Some restrictions apply; please ask for details.
-
(Corporate Nevada does not endorse any product offered on external links)
Powerful Asset Protection & Business Development For All 50 U.S. States.
60% Will Fail. National Law Review estimates over 60% of privately held corporations won't protect their owners if challenged. Piercing the corporate veil has become one of the highest forms of corporate litigation today. Don't fail; Do It Right with Corporate Nevada.
It's typically not what you know but what you don't know that puts you at risk. Be sure it's done right from the start to meet your particular needs and maximize benefits. Know what's "Best" before filing the Articles.
Properly incorporating for full compliance and protection is not an "off the rack" or "one size fits all" commodity. Basic kits, blank forms and Registered Agent virtual offices won't get it done. There are always required procedures, formalities and nexus with different multi state qualifications and taxation laws. What you don't do right can hurt you.
Corporate Nevada is America's premier Nevada and multi-state private incorporation fulfillment service. Don't throw good money after bad. Do it right with our complete fulfillment service. Bonded and insured with incorporation, bookkeeping, private banking, payroll and much more to assure success.
Big or small, in any state and most countries, your corporation can and will protect you when properly structured and formalities are maintained. Call 800-344-1294 now to let Corporate Nevada’s highly trained staff help you ensure your Corporation or LLC is always in compliance. That IS Doing It Right.
Attention Qualified Referring Professionals: A good Business Professional (Attorney, CPA, Manager, etc.) is a busy Professional. Let Corporate Nevada assist you with our professionally recommended and proven corporate fulfillment services. Corporate Nevada may be able to assist you and your clients with better strategies at a lower cost to enhance client service and your bottom line. Contact us for a strategy consultation regarding your client and/or your personal incorporation needs.
Existing Private U.S. Corporations & LLCs: Not sure if your existing company is using "Best Strategy Practices" or properly maintaining compliance formalities. Corporate Nevada can review, assess and recommend Plans & Strategies regarding Practices and Compliance Formalities. Discover how a "Nevada Merger" can provide Superior Protection. Don't wait until it's too late. Call 800-344-1294 for more information.
