Asset Protection: Signing a Business Contract

Asset Protection: Signing a Business Contract “Often the difference between a successful person and a failure is not one has better abilities or ideas, but the courage that one has to bet on one’s ideas, to take a calculated risk – and to act.” –Andre Malraux (French Historian, Novelist and Statesman, 1901-1976) As I described […]

Can Mechanic And Materialman’s Liens Be Placed On A Homestead?

Can Mechanic And Materialman’s Liens Be Placed On A Homestead? If you are a homeowner and a contractor is threatening your homestead with a lien, or if you are a contractor and you need to protect yourself from the potential for not getting paid on a residential contract it is important to know what lien […]

Asset Protection: The Filing Entity

Asset Protection: The Filing Entity Often, new entrepreneurs start their small businesses and are quickly consumed with the seemingly unlimited number of tasks necessary to survive to the next day.  In the whirlwind, it is easy to avoid thinking about abstract concepts like risk management.  What type of entity?  Who has time for such trivia? […]

5 Steps to Forming a Family Limited Partnership (FLP)

5 Steps to Forming a Family Limited Partnership (FLP) Forming and properly operating a Family Limited Partnership (“FLP”) can be an effective asset protection and succession planning tool. At Waldron and Schneider, we help our clients form an FLP in 5 steps. Step 1 – Set-up the FLP and the managing General Partner. A management […]