LLCs can offer unique protection from creditors

LLCs can offer unique protection from creditors

Any business owner who may be at risk of litigation by customers or employees should consider protection from claims against business assets. There are a variety of corporate structures available for business owners to use that may make it difficult or expensive for someone to make such a claim. Both corporations (C Corp and S

Retirement accounts can protect savings from potential creditors

Retirement accounts can protect savings from potential creditors

Retirement accounts not only help investors save in a tax-advantaged manner, they also can provide important asset protection benefits as well. Retirement accounts generally fall into two categories — those considered “qualified” under the Employee Retirement Income Security Act of 1974 (ERISA) and those that are not, including IRAs. ERISA plans are given full protection