Category: 
August 12, 2009
The Benefits of Corporate Protection
By Garrett Sutton, Esq.
Are you protected? Are your assets segregated? Are you saving on taxes?
All of these questions can be answered âYesâ when you use the right mix of protective entities â corporations and LLCs.
As you probably know â doing business in your own name as a sole proprietor (or worse yet, as a general partnership) offers no asset protection. One claim and everything you own â not only your business assets but your personal assets as well â are exposed.
Using corporations and LLCs can protect your personal assets from creditor claims. And provide you with peace of mind.
The right use of entities can also save you on taxes, particularly on payroll taxes. Work with a good CPA and you will see the savings immediately. And remember, sole proprietors are audited at a five times greater rate than corporations and LLCs.
You can also use more than one entity for even greater protection. If your business is a corporation you may want to set up a separate LLC to hold your equipment. By segregating assets greater asset protection is gained.
For example, if your business corporation gets sued a judgment creditor could reach inside the business. But what if the valuable assets â the equipment, the trademarks and the machinery â were in separate LLCs and leased back to the corporation?
The answer is that those assets are not owned by the corporation. They are beyond the creditorâs reach.
There are many excellent, affordable asset protection strategies to be pursued. Our affiliate, Corporate Direct, which is owned and operated by Robert Kiyosakiâs Rich Dadâs Advisor, Garrett Sutton, offers a complete corporate or LLC package for just $695 plus state filing fees. By mentioning Priority Leasing you are entitled to a $_________
discount and a free consultation with a corporate representative. Click here to begin the process of protecting your assets and saving on taxes today.
Garrett Sutton
http://www.articlesbase.com/corporate-articles/the-benefits-of-corporate-protection-132410.html
Horaayy..there are 3 comment(s) for me so far ;)
What corporate structure is best for being an at home options trader to take advantage of benefits and taxes?
I have heard that a corporation managing an LLC is best and provides the most protection. I don’t know which corporate structure as I need insurance and want to fund retirement programs for myself and my wife as well. I will be trading my own account with my own money and do have someone that can be an officer in the organization with me. No shares are needed unless they benefit me in some way. Thank you for your wisdom in advance.
Unless you will be trading on behalf of others you do not require the double protection of two entities. An S-Corporation to pass the gains and losses directly to yourself would be fine and you would be shielded from liability. If you want a separate tax vehicle, a standard C-Corporation or LLC will suffice.
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LLC is the least hassle and makes book keeping a lot easier.
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