As a business owner, how do I protect my assets?
Hi, I’m Mark Saladin, I am one of the partners here at the law firm of Zanck, Coen, Wright & Saladin in Crystal Lake. I’ve been practicing here at the firm for over 30 years and part of my business is involved with the business and corporate area of the law.
One of the things that we encounter with small businesses is that they want to make sure that they are properly formed to give them some liability protection or asset protection.
The other thing that you have to consider when operating a business especially if you have multiple shareholders or partners involved with the business is what happens when I want to sell part of my shares or what happens if I die or what happens if I become disabled? A lot of those things can be handled in what’s called the buy/sell agreement or a staff retention agreement. And so we try to come up with a document that assists the owners of the business with those transitional types of issues.
The law firm of Zanck Coen Wright & Saladin provides exceptional customer service. My practice has been devoted for over 30 years to real estate, zoning, development, business and corporate matters. If you need assistance, we would be happy to hear from you, please call us at 815-459-8800.