With more than a million lawsuits filed in state courts every year, some reports show all of us have a 10 percent chance of being sued in any given year. That’s especially concerning if you own a business. Brad Wiewel shares helpful tips to protecting you and your business including:
- Purchase adequate liability insurance
- Structure your business appropriately
- Minimize the amount of cash in your business
- Take advantage of the asset exemptions provided by the law in your state
Find the complete article here: https://www.nav.com/blog/protecting-your-personal-assets-as-a-business-owner-241379/
