ELIAS STASSINOS, ESQ

LAW ARTICLES  January 2006

Asset Protection

You May Need Two Corporations

After you obtain a trademark and incorporate your business, you have a false sense of  security.   You think that incorporating might protect you personal assets.    This is correct.   However, it does not protect your company assets.

If your corporation is subject to lawsuits, and it has significant assets, such as expensive equipment and machinery, a judgment against your company will result in all assets of the business to be seized as part of the judgment. Your company will lose machinery, equipment, or any other item of value.

Elias Stassinos, Esquire   is a trademark and incorporation attorney that has helped thousands of  small business owners and entrepreneurs launch their first business enterprise.  He's also an entrepreneur who operates several successful businesses not related to his law practice.