Five year
old shelf companies for $1200.
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LIMITED LIABILITY IS ASSET PROTECTION
1.
Place assets into separate corporations.
Let's say you
own two apartment buildings. Each building is placed into a separate
corporation or LLC. A lawsuit involving one building doesn't affect the
second building. Why? The lawsuit can only reach to the extent
of the assets in the company. The second building in another
company is not touched by this liability-producing event. Ask
your attorney about protecting your assets by limiting liability.
Note:
Placing assets into separate corporations increases administrative efforts
and contact with financial institutions. We serve as your corporate
officer as you decide what's best for the corporation.
2.
Maintain the corporate records.
Documentation makes the corporate veil solid as a rock. Don't allow
a challenge of the corporate veil because the corporate resolutions and
minutes were not kept up to date. A pierced corporate veil means
that the stockholders may be held liable for the debts of the corporation.
It's
critical to maintain those corporate records and not to commingle funds of
the corporation with your own.
3.
Obtain instant liability protection with a shelf company
A shelf
company enables your business to build instant credibility in the eyes
of your customers, clients and vendors. Further, you enjoy instant
limited liability. No waiting and there's no hassle.
