Asset Protection Program, Smith Todd McEntee and Company CPAs

Asset Protection for Business Owners

In addressing the everyday problems inherent in operating a business, the owners may overlook three areas of concern which can deplete or, perhaps, completely destroy the equity they have worked so hard to build. These areas of concern and a few possible solutions are listed below:

Concern:	Minimizing the combined tax burden of the business and its owners.
Solutions:	Changes in capital structure, elections under the tax law, rationalization of internal pricing, etc.
Concern:	Protecting the assets of the business and its owners in the event of a lawsuit or insolvency.
Solutions:	Asset redeployment, financing/leasing programs, etc.
Concern:	Lack of estate planning and coordination.
Solutions:	Establishment of trusts, family partnerships, stock purchase plans, insurance programs, etc.

To avoid or minimize the impact of these three areas of concern requires knowledge, planning, careful execution, and periodic review. Our program accomplishes this by taking the following actions:

	tutoring owners in what to look for so that they can identify their problems (opportunities).
	preparing a plan which specifically addresses the present situation and documents it. The plan is then reviewed with the owners so that they fully understand its thrust.
	executing the plan (documents, tax returns, etc.) by working, as appropriate, with other advisors (attorneys, insurance brokers and stock brokers) who are knowledgeable about the matters being addressed in order to reduce program costs.
	consulting with owners and reviewing business plans and activities in order to maximize the benefits of the program.

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Specialized Services

Asset Protection

Attorney Support
Accounting Support

Management Profiles

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Smith, Todd, McEntee & Company, LLP, CPAs