Incorporation Session 3 - Planning Your Protection
Here we examine your options as to who should be responsible for your legal structure plan. Kevin stresses the importance of professional advise, in concert with individual knowledge of your business structures. We illustrate the real-world legal situation of today's business environment. Nobody wins in a lawsuit but the attorneys. America's legal system actually promotes litigation, so even if you win your case, you are out all of your legal expenses... so you still lose. If you lose a lawsuit, you are out your legal expenses on top of any judgement.
The importance of planning before you need to. Kevin touches on fraudulent transfer and tactics that are common after legal action has taken against you and how they don't work an can cause even more legal problems. You will see how legal loopholes create targets and how litigation can be more expensive than the lawsuit. We explore these and provide examples so that you understand the importance of a solid legal plan using business structures.
Kevin talks about his personal experiences again, in this session, and illustrates how this situation can happen to anybody. He speaks out in order to provide information that helps the rest of us understand why protection is necessary, how to do it and when.
Inside This Session
- Self education importance as well as professional advice and legal support
- The reality of a lawsuit, who really wins and how to avoid this tragic situation
- How to protect yourself from our own legal system format
- What is fraudulent transfer
- Legal tactics that illustrate America's litigious business landscape
- Legal system changes that you should be aware of
- Bankruptcy laws, changes and the new arena
