Asset Protection and Small Business Law

Asset Protection and Small Business Law

Nowadays, asset protection is vital because many business owners are facing an increasing amount of lawsuits, which threaten their business and personal assets. Unfortunately, setting up an LLC or Corporation and limited liability protection is often times becoming a myth.

How Do You Adequately Protect Yourself and Your Business?

First, your equipment should be under a different business entity than your LLC or Corporation. This is important because if you must dissolve your business entity, your equipment is your biggest issue. It is your biggest issue because you will lack additional start up capital and it is theft/fraud to take your equipment from your old company. You may subject yourself to personal liability because you have committed a fraud against your old company. If you have business creditors, they are looking for an excuse and way to file against you in your personal name.

Sean Robertson with the Robertson Law Group, LLC concentrates in estate planning, asset protection and business structure planning, and lawsuit protection. Sean Robertson has extensive experience in representing debtors with their Citation to Discover Asset's proceedings. Sean Robertson also counsels distressed business clients on their legal options especially when facing lawsuits. Today, individuals and business entities are being sued in breach of contract cases by their banks for bank loan guarantees, contract disputes, and other legal matters. Sean has the experience in representing new and established business owners and it is a passion of his. Sean is an experienced attorney and entrepreneur and loves assisting other entrepreneurs and small business owners.

Sean Robertson has the experience in working with Law Division cases in Will, Cook, and Dupage Counties. Sean Robertson can draft initial responses to lawsuits and counsel you on how to protect your assets in case of a judgment or otherwise called exemption planning. In Illinois, individuals enjoy $4,000 personal property exemptions, $15,000 homestead exemptions, and other exemptions from creditor's lawsuits.

For more information, call Sean Robertson at 630-364-2318 or check out our website at www.RobertsonLawGroup.com. Sean Robertson graduated from University of Illinois at Urbana-Champaign in 1997 and DePaul University College of Law in 2003.