Do You Want to Protect Your Personal Assets from the Claims of Business Creditors? Here’s How …

By: Matthew F. Penater, Esq.-

matt@elvilleassociates.com,

443-393-7696

Creating a corporation or other limited liability entity is the first step to protecting your personal assets from claims of business creditors. However, failure to adhere to the requirements of the corporate code could reduce that corporate protection. Holding annual meetings, maintaining corporate records, and properly documenting ownership are examples of ways in which you can shore up the liability protection.

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