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Safe Harbors: An Asset Protection Guide for Small Business Owners (CCH Business Owner's Toolkit series)

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Title: Safe Harbors: An Asset Protection Guide for Small Business Owners (CCH Business Owner's Toolkit series)
by John L. Duoba, Nicholas C. Misenti
ISBN: 0-8080-0412-3
Publisher: Commerce Clearing House
Pub. Date: 01 May, 2003
Format: Paperback
Volumes: 1
List Price(USD): $19.95
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Average Customer Rating: 5 (3 reviews)

Customer Reviews

Rating: 5
Summary: What every small to large-sized business owner needs !!
Comment: It's clear that the author has years of experience in protecting business owners' hard-earned assets. The author's asset protection strategies range from simple and inexpensive to complex and costly. This really makes the book suitable for managers of large corporations as well as small business owners.

At 500 pages, the book is detailed and comprehensive, but easy to read. Who would have known that in many states taking out a second mortgage on a house could make it exempt from attachment, while in other states, just the opposite approach, i.e., paying off the first mortgage, is what's required? Or that an IRA shields assets from the claims of creditors in many states and thus provides much more than a tax shelter, while in other states an ERISA-qualified 401(k) plan is a better choice? The author sorts all of this out in an authoritative but easy to read guide. Many readers will wish that they had this book years ago before financial problems developed. But, even there the author has strategies that can help avert a disaster.

The content, layout and design of this book make it not only indispensable, but actually fun to read. The tips, warnings and anectdotes are terrific. Attorney Misenti obviously has wide ranging experience in this field and his writing style is superb.

Rating: 5
Summary: The Ultimate Wealth Preservation Guide
Comment: This is the ultimate guide to wealth building and wealth preservation. I've read other guides on forming an LLC or a corporation, but I never realized how woefully inadequate those other guides were before I purchased this book. As the author points out, many business owners form an LLC or a corporation without understanding how to strategically fund the entity, avoid exceptions to limited liability, or transfer assets to exempt categories, all of which are necessary if financial wealth is to be preserved in the face of lawsuits or bankruptcy. This guides teaches how to do all of that, and more.

The addition of actual cases, state asset exemption lists, and business forms for LLC's, makes this one of the best books of its kind that I've seen. Apparently this is one book in a series from the publisher that has received a lot of acclaim. ...

Rating: 5
Summary: Save a Million Dollars! Timely Guidance
Comment: I've read that small business and entrepreneurs lead the country out of a recession. This guide could not be more timely. Don't start a business or expand your business without buying this book. This guide should be in the library of every business owner and well used. This really is the best, and most comprehensive asset protection guide on the market for small business owners, corporate mangers, and individuals interested in preserving their wealth.

I like the fact that the author proves that, when his asset protection strategies are put into place before financial problems arise, they are virtually beyond challenge, even to the extent of preserving an individual's entire wealth against the most significant of claims. I found it amazing that, with the right planning, millionaires can emerge from a major lawsuit or bankruptcy with no loss at all! Want to save a million dollars or all of the assets you have worked hard to create? Buy this book NOW and put a comprehensive asset protection plan in place based on the author's recommendations.

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