Lawsuits Are a Fact Of Life and You Need To Structure Your Business So That You Are Protected

(EMAILWIRE.COM, May 11, 2007 ) Suwanee, GA -- Slashing tax payer’s taxes is one major obstacle their business will face. The other major obstacle is defending their business against lawsuits. Don’t think they will face a lawsuit? Think again. Lawsuits happen all the time.Obstacle #2: LawsuitsThe average person is slapped with 5-7 lawsuits in their life. In other words, 1 in 4 people will be sued in the next 12 months. Every year universities pump out new lawyers. These lawyers are hungry to make money. Therefore, they are on the hunt to create lawsuits.If Mr. Tax Payer is sued is their business structured in such a way that they will not only survive from the lawsuit, but actually thrive? They can thrive if they are knowledgeable about entity structure. Their entity structure can be a powerful force against lawsuits. In other words, the person suing they will be worse off when they win then if they had never bothered they in the first place. Even if their opponent wins, they will spend more money on actually suing them.They need to know how to deter lawsuits so they can spend their time building lasting wealth. If their business structure is set up correctly then people who try to sue them will find it better to just come to an agreement before a lawsuit begins.They can use the Internet to their advantage. They can find information on anybody they want in seconds. However, this technology can also make it easy for people to find out information about them that they can then use against them. For example, if you have businesses in their own name then people can view them as having deep pockets. They are more likely to sue them if they see that they have money.DBA and sole proprietorships give them no protection. These types of businesses are in their own name. These types of businesses are risky because if they make a mistake then their name and personal assets are vulnerable.General partnerships are the riskiest forms of business they can have. They need to shift the way in which they approach and run their business. If their partner makes a mistake, both of them are sued. This can be devastating especially if they didn’t do anything wrong in the first place.Do they have insurance? Insurance is good to have, but it is simply not enough protection. Insurance companies do everything they possibly can to avoid paying their claims. So they can’t count on insurance to save them in the event of a lawsuit.Remember, it's not only what they know, but who they learn it from. Learn from someone who is more successful than them. Learn the tricks of the trade and http://www.powerfulpromoter.com [internet marketing tips] from someone that has actually built wealth and not just written a book about it. Forget the past. It does not matter who they are or where they came from. Everyone deserves to be a millionaire. Contact Information: Stephanie Bunn 2935 Horizon Park Drive, Suite D Suwanee, GA 30024 (770) 271-1536 www.internetmillionairemind.com. Source: National Real Estate Network. Check out their website at http://www.megaeveningevent.com. Text links, Links, Deep links, Permanent links, Blog posts, Press releases Link profile If you need look of meaning of any of words in this press release wikipedia is great source on the internet to look up meaning of: Lawsuit, Taxes, Insurance, Business structure, DBA, Sole proprietorship, and General partnership http://en.wikipedia.org.###This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

National Real Estate Netroit, LLC
National Real Estate Network

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