Mesa Business Attorney Advises on Risk Management and Asset Protection
Building a firewall between your business and your personal wealth
Imagine a disastrous event that not only shutters your business, but claims your home and your life savings. Now imagine that you took prudent, preventative measures that placed a wall of protection around your home, so that your house, your family savings and your retirement are secure. The Law Firm of Joseph M. Udall, PLC can help you eliminate the danger of the first scenario and place you squarely within the protection of the second. For more than 20 years, our firm has helped entrepreneurs and business owners guard against crippling liability from:
- Personal injury lawsuits
- Defective product lawsuits
- Unfair business practices lawsuits
Incorporation: the first line of defense for your Arizona business
Perhaps the most important feature of incorporation is the limits it places on personal liability. By creating a fictitious body that holds a company’s assets and assumes the company’s risks, it prevents creditors and other claimants from reaching the owners’ or officers’ personal wealth. Some business types, such as limited liability companies (LLCs), provide protection that a DBA or sole proprietorship do not. Unless you incorporate, your business’ creditors and other claimants can sue you personally and attach your personal assets. You can even bolster this protection by separately incorporating different aspects of your business to guard one area of operations from liability in another.
Lawsuit liability insurance: your second line of defense
Creditors are not the only threat to your business operations. If one of your employees causes an accident or your company produces a product that harms another person, a judgment could force your company to close. It’s imperative that you have sufficient insurance coverage for any foreseeable event. Our business law firm reviews insurance policies and evaluates whether you have adequate coverage. We explain where your exposure lies and the steps you can take to protect your business from a lawsuit.
Contact an experienced liability lawyer in Mesa, AZ to protect your business assets
The Law Firm of Joseph M. Udall, PLC has spent more than 20 years helping Arizona businesses protect themselves against a variety of contingencies. Call 480-500-1866 or contact our Mesa office online. We provide free, first-time telephone consultations, and for your convenience, we can schedule Saturday and evening appointments. We speak Spanish fluently.