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Corporate Asset Protection

Using legal structures to shield business and personal assets from creditors and judgments.

Asset protection is using legal structures to protect the assets of individuals, businesses, and corporations from exposure to creditors, civil money judgments, and administrative penalties or fines.

If your business involves any commerce that might expose it to liability, it is prudent to look at the corporate structures that may protect against a catastrophic loss.

How Creditors Reach Your Assets

Creditors and plaintiffs have several tools available to go after your assets. Most states, including Mississippi, have adopted the Uniform Fraudulent Transfer Act (Miss. Code Ann. § 15-3-101 to 15-3-121). Creditors and plaintiffs may also try to pierce the corporate veil.

Plan Before a Problem Arises

The number one rule is to start planning before a serious claim or problem arises. Your options are more limited and riskier after a lawsuit is filed.

We have the knowledge to help you structure your business. We will work with you to give you the protection you need to shield the owners from individual liability for the debts and obligations of the company.