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You protect your assets by incorporating! Moving assets into a legal entity separate from your person is a technique that
has been used by the wealthy for decades. With the abundance of information now available on the internet and normal
everyday citizens becoming more savvy about their money management, it has become common knowledge that incorporating is
the way to go for asset protection and estate planning. Not only does it reduce your liability in the event of a lawsuit,
it reduces your tax liability!
Once your entity is formed, the protection will continue as long as you follow the formalities involved with having a
separate legal entity – specifically, keeping your corporate records up to date and leaving a paper trail for all corporate
activities.
Depending on your needs and willingness to manage entities, there are multiple corporation strategies that can be employed
based on your assets, dependents, and wishes for the future. If you desire a more complex structure and would like to
explore the possibilities of a family limited partnership or revocable living trust, please contact our corporate
consultants to discuss your situation specifically. These typically require attorney involvement and can be an excellent
tool for reducing estate taxes and spreading wealth among your loved ones. InCorp can assist every step of the way from
your initial consultation to providing any needed registered agent services.
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