There are a few things in this life that can bring us complete satisfaction: a loving family, a conquered challenge and for many, it’s a successful business that brings that fulfilling sense of honor and pride. It doesn’t happen by accident; it requires tenacity, focus and commitment. Still, even when all of those qualities are present, there’s a logic that must accompany it. A solid business plan and adequate asset protection are at the top of that list. It’s for these reasons and many more that the right legal representation must be a part of any business owner’s priorities and ultimate success.
There are many distinctions that are used to define a business these days. Some are more straightforward than others, but they’re all used to ensure the future of not only your business, but your family’s livelihood. Whether you’re confident in the kind of business structure you wish to establish or if you’re feeling overwhelmed by the various legal and financial jargon, our lawyers can put those protections in place, assuring your peace of mind in the process.
Essex Junction Vermont Asset Protection and Business Planning Options
Family Limited Partnerships
These are preferred tools for those wanting to secure their business from lawsuits – both now and in the future. This type of asset protection must be put into place or else, you risk a total loss should your company ever be sued. It’s a great strategy – and an affordable one – for small business owners.
Buy Sell Agreements
These are often used as a tax vehicle, again, with the goal of protecting your assets. This is a great way to protect future generations while building from that wealth. We all want to know our children will be able to care for themselves and their families as they grow into adults. This is just one way of clearing the path for them while also helping you meet your personal goals.
Lawsuit and Asset Protection
There are many uncertainties in today’s business climate and there are those who use the legal system in order to manipulate business owners. Worse, it seems they’re at every turn. You can eliminate many of these threats by incorporating any number of legal strategies that can circumvent predators. Ask us about the many ways of properly safeguarding your hard work and assets.
Limited Liability Companies
Not sure of how your business should be structured? Our experienced legal team can explore the options with you and help you determine whether a limited liability company will serve your needs. It’s a preferred structure for many, but for others, there are better alternatives based on the company and its offerings.
These are just a few of the many Essex Junction Vermont asset protection and business planning avenues designed to help today’s modern business owner raise the bar and meet his needs while remaining in compliance with both state and federal laws. Give us a call today to schedule an appointment.