Risk Management & Asset Protection - Nicholls State University

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SegregateMultiple OperationsBusiness #1(Corp/LLC, etc)Business #2(Corp/LLC, etc)Business #3(Corp/LLC, etc)Equipment orBuilding LLCEquipment orBuilding LLCEquipment orBuilding LLC
PART III: How To ProtectYour Personal Assets‣ Statutory Protections- IRAs, Homestead, Life Insurance, Annuities (by StateStatute)‣ “Inside” Creditors- Isolates their lawsuit damage only to FLP/ LLC property‣ “Outside” Creditors- Usually cannot reach principal LLC/FLP assets- Creditors may be limited to “charging order” relief againstthe FLP interest (RULPA Sec. 703)
Page 1: Risk Management&Asset ProtectionGle
Page 4 and 5: Before We Move On,A Quick Quiz‣Do
Page 6 and 7: Beware the Popular Press‣Books, n
Page 8 and 9: Why You NeedAsset Protection‣ Tra
Page 10 and 11: Asset Protection Asa “Sliding Sca
Page 12 and 13: Why Own a SmallInsurance Company?
Page 14 and 15: How NOT toStructure BusinessBusines
Page 16 and 17: Limited Partnerships& LLCs are Key
Page 18 and 19: How to Use LLC’sfor Business Asse
Page 20 and 21: Riskiest, Overlooked Asset‣ Recei
Page 24 and 25: How to Use LLC’sfor Personal Asse
Page 26 and 27: Protecting Your Home‣ Not in LLC/
Page 28 and 29: Equity In Real Estate -A Creditor
Page 30 and 31: Irrevocable Trusts‣ Irrevocable T
Page 32 and 33: The ComprehensiveAsset Protection P
Page 34 and 35: Next Steps - ContactContact your lo

Risk Management & Asset Protection - Nicholls State University

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