Episode 8 - Creditor-proofing your business

As a business owner, it’s important to have a strategy in place to protect your assets from potential creditors. Several instances can arise that put your business assets at risk ⁠–⁠ the most common being a lawsuit.

Episode 8 – Creditor-proofing your business

Get the information you need about creditor-proofing your business from Frankie and Sarah as they explain the concept of creditor-proofing and the importance of protecting your assets. Learn how to properly evaluate whether your business assets are protected ⁠–⁠ and if not, understand the process of legally protecting your assets from creditors.

Frankie and Sarah go over:

• What creditor-proofing is and why it’s important for business owners
• How to evaluate your balance sheets for vulnerability to creditors
• How to achieve creditor protection in a tax‑efficient manner
• What director liability is and the importance of being mindful of your liabilities

Resources:

• Owner-Managed Businesses Part 1: How To Pay Yourself (Ep. 2) ⁠–⁠ From the Source

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