Mississauga Asset Protection

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ASSET PROTECTION - MISSISSAUGA BUSINESS LAWYER

Asset protection is an important aspect of every business plan. As such, your business' strategy should look to incorporate such legal and financial structures as can best protect your personal and business wealth.
The objective goal of asset protection is to safeguard your assets from legal claims by creditors and potential creditors, including one's fellow shareholders, spouses and the government. Asset protection planning is not about hiding ones assets in an offshore account protected by a foreign country's banking secrecy laws. What we are dealing with are legitimate, well established legal practices that optimizes the letter of the law to your business' full advantage.

Nevertheless, asset protection is not an absolute and no one should believe that they can legally shelter their assets under all circumstances. Furthermore, it is only possible to engage in proper asset protection when there is presently no legal action, pending legal action or possibility of a legal action that could require recourse to those same assets. Showing you undertake to transfer those assets knowing there is the prospect of a legal action that may seek those same assets, a court could set aside the transfer given its fraudulent nature and subject those assets to the legal claims of your creditors.

For more information or to schedule an appointment with Mississauga business lawyer Christopher Neufeld, call 905-616-8864 or email Chris@MississaugaBusinessLawyer.com.  

 

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Mississauga Business Lawyer Christopher Neufeld is a corporate solicitor admitted to practice law in both Ontario and New York State.  Christopher's legal practice focuses on business law, in particular corporate commercial transactions. Providing legal services to the Regional Municipality of Peel, including Mississauga, Brampton, Caledon, Streetsville, Clarkson, Bramalea, Port Credit, Cooksville. The content of this website is purely for informational purposes and should not be relied upon - as you should consult a lawyer with respect to the specifics of your particular matter.  Please review our legal disclaimer and privacy policy prior to contacting us and be advised that contacting us does not create a lawyer-client relationship. COPYRIGHT 2009-10.

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