ASSET PROTECTION
Frequently, the excitement of acquiring a new asset leads to shoddy planning and practices for both individuals and corporations. Unfortunately, this failure to plan leaves the acquiring entity in a perilous, unprotected position. Before take ownership – before you formally enter into any sort of business relationship with sellers, before the banks, regulators or the competition starts sniffing around and doing discover – you need to know you and the asset you are acquiring are protected.
Fortunately, there are many strategies and channels for pursuing them open to you. Taking advantage of these early on will provide you the advantage of knowing you are protected during the critical period when the asset sale is making its way through the acquisition process. You will reduce your tax burden, ensure privacy is maintained and maximize the value of the asset to you and those to whom you may one day bequeath it.