Free PDF Asset Protection for Business Owners and High-Income Earners: How to Protect What You Own from Lawsuits and Creditors, by Alan Northcott
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Asset Protection for Business Owners and High-Income Earners: How to Protect What You Own from Lawsuits and Creditors, by Alan Northcott
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About the Author
Alan Northcott is a successful financial author and trading educator, having been writing in the sector for some years. He has ten conventionally published books which were completed with Atlantic Publishing, and more recently has self published four more. In addition to the books published under his name, Northcott has ghostwritten several other books and regularly contributes articles and other writing for a variety of print and online clients. Other facets of his life have included being a professional engineer, radio broadcaster, farmer, karaoke jockey, and wedding officiant, along with other pursuits. He and his wife live in Florida, and they share their house with many dogs and cats. They have three children living on three different continents, and two grandchildren. Originating from England, Northcott was educated at Eltham College in London and obtained his degree from the University of Surrey, also in England. He immigrated with his wife to America in 1992. His engineering career spanned more than 30 years, on both sides of the Atlantic, and recent years have found him living a more diverse, fulfilling lifestyle. He offers a free newsletter on various related and unrelated topics. You can e-mail him directly at alannorthcott@msn.com for more details.
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Product details
Paperback: 288 pages
Publisher: Atlantic Publishing Group Inc. (September 1, 2009)
Language: English
ISBN-10: 1601380054
ISBN-13: 978-1601380050
Product Dimensions:
6 x 0.6 x 9 inches
Shipping Weight: 12 ounces (View shipping rates and policies)
Average Customer Review:
4.3 out of 5 stars
6 customer reviews
Amazon Best Sellers Rank:
#1,073,444 in Books (See Top 100 in Books)
Great book for idea and guidance. Especially for those who have not explored this topic at all. Makes you research more on some statements. Ultimately you still have to consult your attorney, but to get there prepared and not completely uneducated will save you some time and money
I am a Doctor and a financial planner. It pulls critical information together to help make a very clear picture of what must happen for people in my professions.
excellent very informative
Too deep
Northcott introduces his topic by reminding targeted readers that they've worked hard for many years and have achieved a measure of success. Making that money was difficult - now they have to create a strategy to keep it because they're on the radar with pending lawsuits (80,000+/day) from other businesses, partners, employees, government, relatives, neighbors, and other parties."Asset Protection" then tells readers about irrevocable living trusts, creating and maintaining LLCs, equity-stripping techniques, durable powers of attorney, estate planning, and wills. The trick, says Northcott, is to own nothing directly, but control it all legally.The material is presented logically and clearly, though it often resembles a 270+ page commercial for various attorneys and others in the business of helping clients protect assets. Further, it is not a detailed 'do-it-yourself' book - if that is even possible. Nonetheless, "Asset Protection" provides a good framework for those with assets needing more than basic insurance and homestead exemption protections. It is best read now, rather than later when facing imminent disaster; however, examples are provided where even last-minute assistance has been useful.
So what does a book about asset protection have to do with the average American business owner who may be wondering if they will be able to pay the weekly salary of their two, already underpaid employees? Plenty, I had to admit after reading "Asset Protection for Business Owners and High-Income Earners: How to Protect What You Own From Lawsuits and Creditors" by Alan Northcott.With 290 pages to spare, Northcott uses this space wisely, by laying out the case for the necessity that is asset protection. "...[C]omplacency is not an option," he writes, because after all, there is a one in five-- or three-- chance that you may be sued next year.Then, in simple, layman's terms and through the use of sporadic personal case studies, he makes an excellent argument for why it is a good idea to (figuratively, and as the book cover suggests) keep assets under lock and key plus why business assets should be separated from personal assets. Covering such useful topics as the how tos of business entity formation, prenuptual agreements, wills, and more, he gets to the bottom line: If you value it, protect it. The book is an excellent read for any ethical-non-Swiss-account-holding business owner.
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