J
jetboy
Guest
What is the name of your state? Oregon
I have been doing business as a sole prop over the last couple of years. In that time I have aquired about $25,000 worth of assets with no liabilites.
Because of an ongoing health issue which I fear will get worse in the next few years, I'm worried that the assets I have and will increase will be at risk.
Will starting a Corp and moving my assets under it protect them should my personal liabilities increase in the coming years.
I plan on having myself as the primary operator of the Corp with shares issued to family members at a $1 a share. 100 max shares for the Corp.
Thanks for all your help on this issue .....
I have been doing business as a sole prop over the last couple of years. In that time I have aquired about $25,000 worth of assets with no liabilites.
Because of an ongoing health issue which I fear will get worse in the next few years, I'm worried that the assets I have and will increase will be at risk.
Will starting a Corp and moving my assets under it protect them should my personal liabilities increase in the coming years.
I plan on having myself as the primary operator of the Corp with shares issued to family members at a $1 a share. 100 max shares for the Corp.
Thanks for all your help on this issue .....