Entity Management

Entity Structure

The first things to consider for any new entity are the best structure and what level of protection and exposure is right for you and your circumstances. Every type of entity offers some protection from liabilities but also comes with a level of exposure or risks. One way to think about exposure is to think about how open or known an entity is to the public. The more public an entity, the more potential forms of exposure.

Entity Exposure

Public Entities: full exposure; work/transactions/situations can be protected from liability; and benefit from tax deductions from entities such as a C-Corp or multiple member L.L.C.

Semi-private: work/transactions/situations that carry some potential risk/liability due to their nature; are often best protected through an irrevocable trust or at least a separate C-Corp or L.L.C.

Private: assets that you want to protect (home, land, inheritance, savings, etc.) from personal liability or catastrophe are often best protected through an irrevocable trust and entities within.

Examples of Entity Management

• Forming an LLC, C-Corp, or S-Corp
• Structuring a Business For the Chosen Entity Type
• Corporate Name Changes or Amendments
• DBAs or Trade Names
• Forming an Irrevocable or Revocable Trust

Entity Compliance

Various entities and structures can provide great asset protection, tax sheltering, and allowance for growth. However, laws and regulations must be complied with to maintain and ensure that protection. The requirements for a corporation, LLC, or trust to stay compliant are very different. If an entity is not in compliance, the associated assets are at risk. It is like buying a high-quality safe, only to leave it unlocked, allowing anyone access to the contents. At Asset Equalizers, we work to help our clients set up entities and properly manage those entities, to keep the safe locked and protected!

What Happens Now

Asset Equalizers works to understand your situation, needs, and goals, in order to calculate the best way to limit your exposure and protect your assets. You will meet with an Asset Equalizers expert who will discuss what entities you have or want, and what steps need to be taken to get everything organized and documented. Once everything is planned out and contracted, they will request the information they need from you, such as such as addresses, names, and dates. Then you sit back and wait for the changes and documents to be prepared for you (unless we have questions, of course).