Corporate

Creditor Proofing

Many of our clients have either invested substantial amounts of money in growing their businesses by way of shareholder loans and/or have left their business' capital requirements in their corporations represented by their retained earnings which could all be lost to creditors if such creditors are successful in suing these clients for the losses and damages they have sustained and if the insurance of the business does not cover the nature of the loss and damage.

The 2020 Law Group has developed a series of strategies that are designed to protect its clients' financial interests in their businesses from these future claims or lawsuits. One of these strategies involves the incorporation of a holding company which may own all of the operating company's equipment and assets or holds a registered debt over the operating company.

If your business owes you a substantial amount of money, or has substantial retained earnings, you need to protect your interests in your business and the 2020 Law Group would be pleased to assist you with this. For further information on creditor proofing, please call the 2020 Law Group at (403) 730-2020.