thefed
Thinks s/he gets paid by the post
- Joined
- Oct 29, 2005
- Messages
- 2,203
Lets say I own a biz that has high potential for lawsuits (I do). Lets say this company has a lot of assets that could be attached in the event of a lawsuit (I do).
Now, lets say I were to incorporate a separate entity that would buy and own all major assets Biz # 1 needs, and lease them to biz #1.
In the event that biz #1 gets sued and insurance doesnt cover all of the damages, it seems that the entity suing would not be able to go after biz #2's assets...and sinces biz #1 really has no assets, their risk is greatly mitigated.
Just a brainstorm...
Now, lets say I were to incorporate a separate entity that would buy and own all major assets Biz # 1 needs, and lease them to biz #1.
In the event that biz #1 gets sued and insurance doesnt cover all of the damages, it seems that the entity suing would not be able to go after biz #2's assets...and sinces biz #1 really has no assets, their risk is greatly mitigated.
Just a brainstorm...