Civil Lawsuits Filed in US Hit Record High
Businesses scramble to protect themselves as serial litigants are on the rise. With over 40 million lawsuits filed last year in the US, small business owners are at a greater risk than most.
By: Breaking News
The best way to go about protecting your business as well as your personal assets is to consider asset protection plans immediately. Although asset protection planning can be highly effective, there are a few things to keep in mind. The first is that it only works when you don't already have creditors knocking at your door. Statutes against fraudulent conveyance preclude you from transferring assets out of the reach of existing creditors. So, plan ahead and protect yourself before it's too late.
High wealth individuals and businesses are turning to companies like Corporate Direct. Garrett Sutton, an attorney and the company's founder, has used his legal knowledge to help more than 10,000 clients protect their assets and incorporate their businesses. A best-selling author who has sold more than 900,000 books to guide entrepreneurs and investors, Garrett also serves as a member of the elite group of "Rich Dad Advisors" for bestselling author Robert Kiyosaki.
Garrett pointed out that we live in a Nation of Predators. The FBI has identified a subclass within our society, these are called professional litigants. These are the people if they see a puddle on aisle 7 instead of telling the manager to clean it up they will deliberately fall so they can sue the supermarket.
Opportunists make careers out of filing lawsuits, knowing that the expense of defending against these attacks is so high, a settlement will likely be offered.
Watch this short video to find out how to get a free 15 minute consultation on how to protect your assets from frivolous lawsuits.
The issue of how to handle frivolous lawsuits should be of tantamount importance to all business owners. For more information about Corporate Direct please visit https://www.corporatedirect.com.
Page Updated Last on: Apr 24, 2023