1 / 8

Oleksiy Nesterenko on Protecting Your Assets and Businesses

Mr. Nesterenko a Finance and business development professional, offering his over 9 years of experience across multiple areas of business including financial planning and analysis, capital raising, corporate finance, business strategy development, and M&A.

OleksiyNesterenko
Download Presentation

Oleksiy Nesterenko on Protecting Your Assets and Businesses

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Protecting Your Assets and Businesses

  2. Owning a business can be very challenging. Whether you are strategizing for new clients or making new work processes, there are so things that need time and attention. One of the last things you would want to worry about is the threat of a lawsuit. It's one of those things that can easily swamp your finances out and take most of your energy. It can easily turn your dream into a living nightmare. Being protected from frivolous litigation cases is one thing you need to consider a priority.

  3. Choose Your Partners Well While there is truth in the benefit of working with a partner, you still need to be careful who you work with. Work can seem easier working with someone. But, if you are not sure about who you partner with, you take a lot of risks with your money. Investigate your partner's assets and liabilities well before taking them under any legal partnerships. Creditors can easily attach any assets that are jointly held. You might end up being responsible and paying for their debts with your own money.

  4. Avoid Co-Signing Bank Accounts Apart from being careful with legal partnerships, it is very important that you do not take on co-signees to your personal bank account. Just like legal partnerships, sharing your bank account can open you to the risk of sharing debts with your co-signee. They can easily use what you worked hard to earn for their own selfish gains. Likewise, Creditors will have legal rights to using your money to pay for your co-signees debts.

  5. Work within Legal Protocols If you own a business, make sure that you use a legally documented corporation or limited liability company to operate it. But, make it a point to respect the separation of ownerships in the corporations or partnerships that you own. Do not use your company checkbook like personal bank account. If you ignore financial and legal protocols, the courts and tax people can find reason to prosecute you.

  6. Get Legal Second Opinions Lastly, don't just rely on one legal counsel. As much as possible, you need to get referrals from other legal professionals in your industry. Seek counsel from at least 3-4 legal advisors. While there may be some differing opinions on how to approach things, knowing different sides may help you get a broader picture on how you should approach any of your legal woes.

  7. Don't just spend time and effort all on building your assets and businesses. Make sure that you also actively protect your business and assets from lawsuits. Don't be caught unaware.

  8. If need help ask Oleksiy Nesterenko. Mr. Nesterenko a Finance and business development professional, offering his over 9 years of experience across multiple areas of business including financial planning and analysis, capital raising, corporate finance, business strategy development, and M&A. CONTACT Oleksiy Nesterenko Startup Finance Los Angeles, CA 90024 Call +1 (310) 710 4248 Mail: info@oleksiy-nesterenko.com Website http://www.oleksiy-nesterenko.org/

More Related