Litigation is America’s fastest growing business because plaintiffs have everything to gain and nothing but a few hours’ time to lose, says Hillel Presser, author of “Financial Self-Defense (Revised Edition),” http://www.assetprotectionattorneys.com.
“Even if a case seems utterly ridiculous — like the man who struck and killed a teenager with his luxury car and then sued the boy’s family for damage to his bumper — defendants are encouraged to settle. It’s sometimes the only way to avoid potentially astronomical legal fees,” he says.
If you haven’t already taken steps to protect your assets, that’s one New Year’s resolution you’ll be glad you made and followed up on, Presser says. And while it helps to have the assistance of a lawyer who specializes in asset protection, there are many things you can do yourself.
“You shouldn’t have any non-exempt assets in your name,” Presser says. “The goal is to ‘own’ nothing but control everything.”
Presser suggests these resolutions for safeguarding your wealth in the event of a lawsuit:
• Inventory your wealth. Figure out how much assets you really have (most people have more than they think). Take stock of valuable domain names, telephone numbers, intellectual property, potential inheritances, and other liquid and non-liquid assets. That way you can then work on actions to cost effectively keep them safe.
• Set your goal. Setting your 2013 asset protection goal is your first step to becoming protected in the New Year! For instance, you could plan to execute an estate plan or set up a trust for your children in 2013. Decide what assets you want to protect in the New Year and a realistic timeline for implementation. Then — and most importantly — stick to your plan. Asset protection works only if you follow through.
• Protect your home. Find out how much of your home is protected by your state’s homestead laws and then encumber the remaining equity. Encumbering a home’s equity can be accomplished by recording a mortgage against it, re-financing a current mortgage or even taking out a lien of credit using your home as collateral! Another great strategy to protect your home is to transfer its title to a protective entity such as a limited liability company (LLC), trust, limited partnership, etc.
• Get everything out of your name. The worst thing you can do as far as exposure is titling all of your assets to your personal name. That doesn’t mean you have to lose control of them – the goal of asset protection is to “own nothing, but control everything.” In 2013, work on moving your assets out of your personal name and into the name of protective entities such as limited liability companies (LLC’s), trusts, limited partnerships, etc.
• Buy adequate insurance. Protect your loved ones. Make sure you have adequate insurance coverage in the event a job loss, natural disaster, or even a tragic loss of life. Those include — but are not limited to — your car, home, and other valuables.
About Hillel L. Presser, Esq., MBA
Hillel L. Presser’s law firm, The Presser Law Firm, P.A., represents individuals and businesses in establishing comprehensive asset protection plans. He is a graduate of Syracuse University’s School of Management and Nova Southeastern University’s law school, and serves on Nova’s President’s Advisory Council. He also serves on the boards of several non-profit organizations for his professional athlete clients. He is a former adjunct faculty member for law at Lynn University. Complimentary copies of his best-selling book, “Financial Self-Defense (Revised Edition)” are available through assetprotectionattorneys.com.
Tag Archives: Company
Many businesses today are finding that it is harder than ever to get their name in front of prospective customers. Tight advertising budgets are being spread even thinner by the number of media outlets available. The challenge comes in trying to make sure the name of your business, service or product is in front of potential buyers’ eyes at the exact moment they have a need or are considering a purchase.
As consumers become more distracted, traditional media outlets are losing their ability to efficiently reach a targeted market. The internet and social media offer more options to communicate directly but advertisers still need to drive customers to their website. Add to that the crucial sales fact that a consumer has to receive a certain number of impressions before making a decision to buy, and you’ve got a lot to overcome.
The answer for your business could lie in promotional products. According to research conducted by Promotional Products Association International (PPAI), the advantages of using promotional products include:
- Low-cost and advertising flexibility
- Long-lasting and tangible
- Consumer places a perceived value on the item
- Builds goodwill
- Works in conjunction with other media strategies
Consumers have a positive impression of promotional products because they are seen as a gift and not as some type of interruption. They place a value on the item received and tend to look favorably on the company that provided it.
Get Your Name Seen Consistently by Your Target Market
Promotional products work best when they are something that is useful and are seen on a regular basis. Here are a few suggestions that can help give your business, service or product that extra boost:
- Refrigerator Calendar Magnets: How many times does the ordinary family visit the refrigerator each day? Five times, ten times? Now multiply that by the number of days in a year and there is a tremendous opportunity to have your name in front of them on a consistent basis. With the calendar attached you’ll certainly get double the looks and use out the promotional magnet.
- Clothing: Wearing something with your name on it is a silent endorsement for your company. Not only does the wearer provide free advertising space, he or she is spreading your company’s name around to a totally new audience each time the clothing item is worn.
- Mugs and Glasses: We all need to drink water and many people need to get their morning coffee before they can really get into their day. Put your logo and tag line on something they use to hold their drinks and your message will have top-of-mind awareness.
- Writing Instruments: These are always a great idea because they are both cost-effective and useful. Every time recipients make a note to themselves, they will see your name.
Promotional items work well in conjunction with advertising programs to increase brand recognition and motivation to buy. Whether it’s refrigerator calendar magnets, pens or coffee mugs, adding some pizazz to your marketing plan with promotional products is a smart idea.
Moving offices is more difficult than moving houses. If you have gone through the latter you know what it is like. Being experienced in any sort of moving is a big plus because you know how to approach to it. What is more, you are always prepared for the unexpected since you know that anything can go wrong at any moment. Moving houses, however, means relocating with your family. And moving your business means relocating all your employees along with the equipment and furniture. It is stressful because you are responsible for a lot more people and their families than just the other two or three members of your own family. For that reason, this is a moving that must be well-planned. All contacts with clients must be preserved and the work must keep going. Adding to it that the relocation should finish as soon as possible makes it clear that you need the help of professionals. If the DIY method is applicable for moving houses when moving your business you must hire a removals company if you do not wish your business to suffer.
First thing you should know is that logging off all servers and stopping the work for a little bit while is completely out of the question. No productivity means losing money. It is quite enough that productivity will be low and that it will cost you money to move your business along with the money spent on potential damages. That is why you cannot afford to stop your work even for a day. But don’t you worry. This can be avoided if you plan the moving several months before putting it into practice.
Being ahead of everything is essential. For that to happen you need to be updated with the latest information about removals companies and the process of moving. That you can do. What is important to remember is to update everyone else about your moving. Inform everybody: employees, clients, all your associates. You can assemble a meeting for the staff to tell them the news. As for your clients your personnel can help you upload the news on your site along with the new office address and all the necessary contacts.
It is not a bad idea to use a temporary server in order to keep the work going. Of course it will be even better if you could start the new server at your new office. But if that is not possible for the moment a temporary one should do it. In that train of thoughts, you could also ask your employees if they would mind working from home because if they do not that would really help maintaining your productivity. If that indeed happens many of them may need some of the office equipment and you will have to provide it to them. That is why you should consider storaging it. Like that, you can use whatever you need at any time during the moving.
Finally, thanks to the removals company you hired everything is safely transported to your new office. It is time you settled down and gave a staff orientation for your employees to get acquainted with the new office. What is next is a final update on your website about your new whereabouts. Make sure that all the information is up to date: address, e-mails, and phone numbers. Once you do that you are ready again to take up your casual activities and to continue working with your staff at your new office.
The article has been written on behalf of http://www.removalcompany.co.uk/page-storage.html