
Vital information from the new book Trump University Wealth Building 101: Your First 90 Days on the Path to Prosperity
You spend years building a company and then one day a visitor falls in your parking lot, breaks her hip and sues you. Is it a problem you can settle out of court, a problem that your insurance policy will cover - or a problem that will cost you your business?
And one last word . . .
A secure asset protection system in place is a lifelong process. Regular review of your assets and their vulnerabilities can ensure that you have the protection you need.
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3 Comments
Never before this issue should be taken care by all businesses today. Don't know why but people are always trying to find the loop hole and take benefit out of it. To be assured of your business assets, you must act today.
Rajesh SHAKYA
http://www.rajeshshakya.com
Helping Technopreneurs to excel and lead their life!
What did I leave out that you covered? Oh yes, you also said, "it is highly likely that you may be sued." Are you an Attorney or a Politician? How can you have 'highly likely' and 'may' in the same sentence about the same eventuality? To back this statement up I hope you have statistics showing that 'more or less' than 50% of businesses 'may or may not' be sued.
Here's a little tidbit for a few small business owners out there: Sole-proprietors and other small business owners must realize their biggest asset is themselves. Considering this, it is imperative to have disability insurance in the event your ability to work is taken away from you. The third professional you should consult with is an insurance specialist.
Jeff Collins, Professional Haberdasher
http://www.MyHaberdasher.com
I hate the fact that people sue daily just to make money.
Oskar
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