A substantial number of clients call upon us to help protect their assets – from daily operational risks in their course of their trade, from frivolous lawsuits and excessive inheritance tax. The key to asset protection lies in the separation of liabilities: personal liability, different business ventures, real estate, pension or ‘rainy-day-funds’ should all be separated. The simplest form of asset protection is a limited liability company. It can be used to separate your private assets from the risks associated with your business venture.
Depending on your needs, additional layers of protection can be added to protect your interests. For example, you can protect your company from the risks of a former soleproprietorship or general partnership by setting up a Trust.