Asset protection

Does holding my assets, like my business, in a corporation protect them from creditors?

Generally, no. A corporation only protects your personally held assets from claims against the corporation, not from claims against you.

In addition, most creditors who loan money or supply services to a corporation will get personal guarantees from the business principals before extending credit. Finally, if a successful claim is made against you personally, your stock in the corporation can be seized to satisfy the claim.

Consultations

Have a question about your own situation?

Prospective clients are welcome to schedule an initial consultation, in person at our Indian Wells office or by video conference, to review their circumstances and available options.