Owning a business is a rewarding endeavor, and many business owners work their entire lives to build a profitable business that affords them a comfortable lifestyle and a legacy for their heirs. Unfortunately, there are some obstacles that can cause the results of all that hard work and dedication to disappear overnight.
At the American Society for Asset Protection, we want you to know that you don’t have to leave your legacy at risk. We work with business owners every day to help them accomplish the asset protection they deserve. If you own a business and are worried that it’s financially vulnerable, here are just some of the ways we can help you protect it.
Asset Protection from Lawsuits
According to the Institute for Legal Reform, 43 percent of small business owners say they have either been threatened with a lawsuit or are involved in one. In other words, almost 50 percent of business owners have been affected by lawsuits. That’s significant because a single lawsuit can financially devastate a business owner and bankrupt their business.
But what if we told you that the experts at the American Society for Asset Protection can design a plan for your business that will protect you 100 percent from these destructive lawsuits? That’s the first step in our plan. We will show you how to use business structure, homestead laws, and Family Limited Partnerships, along with other time-proven methods, to shield your business from lawsuits.
Asset Protection from Excessive Taxes
Even the IRS admits that the way you structure your business determines how much you will pay in taxes. In fact, the IRS Commissioner has said that millions of taxpayers overpay their taxes every year. Do you want to be one of them, or would you prefer to put your money back into the business so you can grow it and become even more profitable?
But when you’re dealing with the IRS and taxes, it’s critical that you do things correctly. And that’s where we come in. The second step in our American Society for Asset Protection plan is to structure your business in a way where you only pay the taxes you legally owe. Our experts are experienced in tax law and will guide you in changing your business setup to allow you the maximum deductions. And that will allow you to keep more of the money you’ve worked so hard for.
Asset Protection for Your Heirs
Did you know that unless you properly prepare your estate, your heirs can lose up to half of it? The sad truth is that many people think they are doing the right thing by creating a will, but in reality, a will probably won’t protect your heirs from probate costs and taxes. Luckily there is a solution. Step three in our plan to help protect your assets is to show you how to avoid probate and reduce or even eliminate all estate taxes.
If you want to protect the business you worked so hard to build, call us today and set up a free presentation by one of our experts. After all, shouldn’t you do everything you can to protect the company you built?