Are you a business owner? Do you often worry about the future of your company? Have you taken any steps in regards to business planning and asset protection?
Just the same as your business, The Edwards Law Firm began as a big dream 20+ years ago. We have seen other businesses come and go, and understand the importance of not only taking risks, but also planning for and avoiding risks.
With the right approach to business planning and asset protection, you will feel more confident in your ability to build the company of your dreams, protect it from trouble, and pass it onto the next generation when the time comes.
Below are some of the many ways to protect your assets and business as a whole:
- Buy-sell agreement: This is an excellent tool to plan for the unknown, as it helps guarantee a smooth transition in the future, such as in the event of your death. Furthermore, it can help reduce the tax consequences of transferring ownership of a business.
- Family limited partnership: A family limited partnership can help you pass wealth from one generation to the next, while also protecting business assets.
- Limited liability company (LLC): Through the creation of an LLC, you are shielded from personal liability as it relates to the actions of your business. For example, if someone files a lawsuit against your company, an LLC protects against the other party targeting your personal assets.
More so today than ever before, it is critical to have the right business plan and asset protection strategy in place. This allows you to grow and manage your company without constantly looking over your shoulder. At The Edwards Law Firm, P.A., we take great pride in helping business owners in the Jacksonville, Florida area. Contact us online or via phone for more information on our services and how we can help protect you and your company.