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(EMAILWIRE.COM, May 11, 2007 ) Suwanee, GA -- Asset protection power tools of the rich are LLP and LLC structured businesses. These are the only two asset protection tools to use!Tip: An S-corp gives the tax payer almost no asset protection. Their S-corp can be taken over including their merchant accounts, stocks, etc. C-corps also don’t provide asset protection. Charging Order:A charging order prevents somebody who sues them from getting anything inside of their business structure if it is properly set up. The business structure should be setup to protect their assets.Engage in multiple corporation strategies. This is when they set up another company to manage your LLC. They can use this corporation as a way to protect their money. Have this corporation charge their LLC for running their LLC. Therefore, when their LLC is sued there is little or no money left in the LLC because their other corporation has the money now.Shifting their money in this manner helps prevent people from suing them. The people who want to sue them will end up paying money just to sue them. Their lawyer will tell them that they can sue them and win, but won’t see any money. They won’t see any money because they don’t have any money left in the LLC that they are suing. Not only will the person who wants to sue them not get any of their money, but they will have to pay their attorney for working the lawsuit. So they are paying to sue them! This is a powerful deterrent against lawsuits.Basically, there are two steps to financial security for your business:Step #1 Separate their personal assets from your business and investments.Step #2 Separate their business and investments from each other.Critical Tip: They have to complete BOTH steps, otherwise they are not protected.Critical Tip: If they accomplish these steps in advance of a potential lawsuit then it is called tax planning and entity structuring. If they accomplish these steps after a lawsuit occurs then it is called fraud!If they have multiple streams of income then they should structure their business as multiple entities. For example, they may want to have separate entities for their books, seminars, and products.Follow these basic guidelines to get started on structuring their business. They will be glad they did when they deter lawsuits and protect their assets.Remember, it's not only what they know, but who they learn it from. Learn from someone who is more successful than them. Learn the tricks of the trade and http://www.powerfulpromoter.com [internet marketing tips] from someone that has actually built wealth and not just written a book about it. Forget the past. It does not matter who they are or where they came from. Everyone deserves to be a millionaire. Contact Information: Stephanie Bunn 2935 Horizon Park Drive, Suite D Suwanee, GA 30024 (770) 271-1536 www.internetmillionairemind.com. Source: National Real Estate Network. Check out their website at http://www.megaeveningevent.com If you need look of meaning of any of words in this press release wikipedia is great source on the internet to look up meaning of: Lawsuits, Charging order, Assets, Personal assets, Business assets, Investments, Multiple corporations, LLC, LLP, S-Corp, C-Corp http://en.wikipedia.org.###This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.
National Real Estate Netroit, LLC
National Real Estate Network
mmaupin@donaterealestate.com 
Source: EmailWire.com
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