What is Asset Protection How to Create your On Document

Simply put, anybody who lives in our society and owns 
anything of value can potentially fall victim to a frivolous 
lawsuit. Whether or not you are a business owner, your 
accumulated wealth could come under attack. Do you have cash 
in your bank account? Savings? Stocks, bonds, or mutual 
funds? Real estate? Jewelry? Automobiles? Any and all of 
these valuable possessions could become the target of an 
attack by an unethical collection agency or a frivolous 
lawsuit, especially if your ownership of them is a matter of 
public record. 

That being said, business owners are among the most at risk, 
particularly those in certain industries, such as real 
estate. For example, if you are a landlord and own rental 
properties, chances are very good that you will be sued by 
one of your tenants or by someone else who just happens to 
slip and fall on one of your properties sometime in the 
course of your career. Certain high profile professions, 
such as doctors, carry a similar risk. This is partly due to 
the broad public perception of these types of individuals as 
having bottomless pockets, and partly due to the nature of 
the transactions that take place within these types of 
businesses. 

In reality, though, ANY business that involves 
contact with the public (and I think this includes all 
businesses) runs some probability of being the defendant of 
a lawsuit. In all likelihood you are already aware of this 
phenomenon, and also of the fact that it is a rising trend. 

"Well," you may be asking, "if asset protection is so 
important for my safety, shouldn't I use the services of a 
professional to establish my strategy?" The answer is coming 
up in the next installment. Keep watching for more valuable 
info! http://www.createyourownllc-flp.com/