Although small businesses are frequent targets for litigation, many business owners have not taken steps to protect their personal and business assets from potential litigants and judgments creditors. Although insurance is a tool for protecting assets from unforeseen events and catastrophes, maintaining adequate insurance to completely cover a catastrophic even such as an accident with a company vehicle involving a school bus may render the business financially insolvent. The premiums to maintain such insurance would impair the business from long-term sustainability.
To assist business owners in shielding their personal and business assets in the event of a tragedy, Strategic Tax Planning has an arsenal of weapons. From selecting the optimal legal structure to alternative risk management tools, the Strategic Tax Planning process examines the business owner's unique set of circumstances to construct the tailor-made plan including optimal asset protection.