Tag: asset

In this age of information, most small enterprises understand they want the protection supplied by a corporation or limited liability company.Such protection, however, could be lost though certain actions.Criminal ActionCreating a small business entity only protects a small business and shareholders from civil liability.Civil liability comes from a body of state and federal law which allows for compensation for alleged wrongs...

Maybe you've heard of or seen Hollywood's portrayal of Swiss Bank accounts, Offshore Trusts and Corporations, and Tax Havens of the rich and famous as jet setting moguls live mysterious yet exciting lives.But in real life, although these same financial structures (most administrated by reputable and legal banks), have been around for centuries, there are still many folks who consider the above strategic asset protection entities as illegal...