CORPORATE ASSET PROTECTION
Asset protection is the use of 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 type of commerce that might expose it to liability, then it is prudent to look at the different corporate structures that may protect against a catastrophic loss.
- Creditors and plaintiffs have a number of 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.
- The number one rule is to start planning before a serious claim or problem arises. However, after a lawsuit is filed your options are more limited and risky.
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.
Contact us online or call our office locally at 601-957-3101 to schedule a consultation with our corporate structure team. Our office is conveniently located in downtown Jackson, just off I-55. Parking is available behind the building.