Running a small business is a game of risk and reward. One day, youâre closing deals and making moves. The next? Youâre dodging lawsuits, fending off creditors, or wondering how one bad decision suddenly put everything youâve built on the line.
Hereâs the truthâit only takes one unexpected hit to wipe out years of hard work. A lawsuit, an economic downturn, a bad debt⌠and suddenly, youâre scrambling to protect whatâs left.
Thatâs why asset protection isnât just for big corporations with fancy lawyersâitâs a survival strategy for every small business owner who wants to stay in the game.
Letâs break down how to safeguard your business before trouble knocks on your door. Because when it comes to protecting your assets, waiting until itâs too late isnât a strategyâitâs a mistake.
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Choose the Right Business Structure (Or Fix Yours ASAP)Â Â
If youâre still running your business as a sole proprietorship, you might as well put up a âCome Sue Meâ sign on your front door. When you donât h...