creditor protection

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October 2021 Entity Formation

DeAngelis Legal created several new entities this month in a variety of industries.  A couple corporations and several limited liability companies (LLCs).  The proper choice of entity and its proper tax character (c-corporation, s-corporation, partnership or disregarded entity) is largely driven by liability protection, the entity’s purpose and industry (i.e., real estate holding company, operating [...]

By |2022-07-28T20:05:42-07:00November 15th, 2021|Recent Projects, Entity Formation, Protecting Family Wealth|Comments Off on October 2021 Entity Formation

September 2021 Corporate Review

DeAngelis Legal performed a corporate review of the structure and records of several new clients and proposed recommended changes to confirm with each client’s operations and objectives.  The clients created several entities over the years, creating a rat’s nest of entities.  Separate entities provide enhanced creditor protection, but owners need to adhere to corporate formalities [...]

By |2022-07-21T12:07:19-07:00October 15th, 2021|Recent Projects, Succession Planning, Protecting Family Wealth|Comments Off on September 2021 Corporate Review

Contract Documentation

Contract Documentation Contract documentation is another way to minimize risk.  Whether it is a core business contract or the construction of a personal residence, most contracts understandably focus on price and payment terms, but the other “boilerplate” provisions are equally important.  Every month we prepare or review contracts that attempt to shift the responsibility [...]

By |2018-05-15T18:50:10-07:00April 15th, 2018|Business Services, Protecting Family Wealth|Comments Off on Contract Documentation

Education and Training

Education Everything starts with education, and we are not just talking about learning about asset protection.  In the protecting wealth context, education involves creating a culture around you that values safety, compliance, risk assessment and mitigation.  This includes your business owners, employees and family members.  Let’s explore what can be done prior to an [...]

By |2018-05-15T18:52:44-07:00April 5th, 2018|Estate Planning, Protecting Family Wealth|Comments Off on Education and Training

October 2017 Estate Planning

October 2017 Estate Planning Represented husband with post-marital agreement and simple estate plan.  While his assets were modest, their finances were complicated by wife’s creditors.  Husband considered holding title in the name of a third party, but that solution resulted in many drawbacks including inability to borrow against the assets, loss of control and added [...]

By |2018-01-26T17:52:37-07:00November 15th, 2017|Recent Projects, Estate Planning, Homepage|Comments Off on October 2017 Estate Planning