Cover image for Safe harbors : an asset protection guide for small business owners
Title:
Safe harbors : an asset protection guide for small business owners
Author:
Misenti, Nicholas C.
Personal Author:
Publication Information:
Riverwoods, Ill. : CCH Inc., [2003]

©2003
Physical Description:
ix, 521 pages : illustrations, forms ; 26 cm.
General Note:
Includes index.
Language:
English
Added Author:
ISBN:
9780808004127
Format :
Book

Available:*

Library
Call Number
Material Type
Home Location
Status
Central Library HD62.7 .M56 2003 Adult Non-Fiction Popular Materials-Small Business
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Summary

Summary

The latest techniques for preserving family wealth and legally avoiding personal liability in the operation of a small business are provided in this guide. Intended for the small business owner, the strategies discussed are equally effective in larger businesses. Taken together, these strategies provide a multilayered approach to asset protection, offering redundant protection and often presenting an insurmountable barrier to creditors. Topics covered include the types of property that are exempt from bankruptcy and legal judgements; and methods for using insurance, asset transfers, and asset protection trusts as a second level of defence. The strategies detailed in this book have been proven effective by actual court cases. Alternatives are contrasted and compared in terms of costs, complexity, and effectiveness, affording owners the opportunity to choose approaches based on their needs.


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