White Papers
October 9, 2007
Frank Rudewicz Corporations are continually reassessing their incident response preparedness for the purpose of mitigating risks and improving protection of their employees, visitors, customers, assets and facilities. Thus, it is imperative that every company, no matter what size, have in place a plan to respond to a corporate disaster.
September 14, 2007
Jacob Stein Esq. For the past several years asset protection has been one of the fastest growing areas of law. It is also one of the most controversial – the goal of asset protection is to shield assets from the reach of creditors.
Asset protection should simply be about structuring the ownership of one’s assets to safeguard them from potential future risks. Most asset protection structures are commonly used business and estate planning tools, such as limited liability companies, family limited partnerships, trusts and the like. Properly implemented asset protection planning should be legal and ethical. It should not be based on hiding assets or on secrecy. It is not a means or an excuse to avoid or evade U. S. taxes.
There is no one “magic bullet” in asset protection. The term “asset protection” encompasses a number of planning and structuring mechanisms that may be implemented by a practitioner to minimize a client’s exposure to risk. For each client the asset protection solution will be different, depending on (i) the identity of the debtor;(ii) the nature of the claim; (iii) the identity of the creditor; and (iv) the nature of the assets. These are four threshold factors that are either expressly or implicitly analyzed in each asset protection case. The analysis of these four factors determines what planning would be possible and effective for a specific client...
September 12, 2007
Langdon T. Owen Jr. In the United States, there are six legal and tax formats for doing business:
1) Sole Proprietorships
2) General Partnerships
3) Limited Partnerships
4) Limited Liability Partnerships
5) Corporations taxed under Subchapter C
6) Corporations taxed under Subchapter S
The report is intended to generally describe these forms of business entity and to review in general terms the key features and issues associated with the different forms. The information contained within this report will be valuable to professionals as a handout to clients interested in forming a business...
September 12, 2007
Bonnie L. Cook CFP, CRPC Estate Planning requires an understanding of the various types of retirement vehicles, which are founded on the concept of tax deferred income growth...
September 12, 2007
Daniel Benderly Enron, WorldCom and other corporate failures focused public attention on the quality and integrity of disclosures in public companies’ public disclosures. Congress adopted the Sarbanes-Oxley Act of 2002, and President Bush signed it into law on July 30, 2002, creating the most radical redesign of federal securities laws since the 1930s. Some provisions were effective immediately, while others became effective when the SEC or adopts the relevant rules.
The Sarbanes-Oxley Act mandated reforms to reporting and corporate governance, and the Securities and Exchange Commission, and self-regulatory organizations, like the New York Stock Exchange and Nasdaq, have raced to keep pace...