Corporate Veil Program
Smart business owners know that mitigating legal liabilities and exposure is vital to operating a profitable business. But they might not know all the ways that they could be putting their businesses, themselves, and their personal assets at risk. Unfortunately, it’s not as simple as “don’t commit fraud.”
If you need a legal partner to help keep you on track, we’ve got you covered! Our Corporate Veil Program is a monthly subscription service designed with the small business owner in mind. You’ll get all the legal support your small business needs without the headache. Sign up now!
Reduce Risks
Save Money
Prioritize Business
Shield Your Personal Assets
By forming and maintaining a business entity (e.g. corporation or LLC), business owners can put a barrier between themselves and creditors, lawsuits, and liabilities. In effect, they can separate the assets and financial obligations of the business entity from their own personal assets.
This barrier is known as the “corporate veil.” It limits the personal liability of business owners so that they are only at risk for what they invest into the business. Their personal assets—e.g. savings account—are “shielded” from the liabilities taken on by the business.
Business owners think less about these protections when the economy is roaring, but during economic hardship or recessions, these liability protections can be vital.
Piercing the Corporate Veil
The corporate veil isn’t impenetrable. Small mistakes and minor legal issues can jeopardize a business and allow creditors to break through this shield, thus exposing the owners’ personal assets to the entity’s liabilities.
In order to maintain the liability protections offered by a business entity, owners have to practice proper corporate governance and comply with state rules and requirements. However, good corporate governance practices can be cumbersome and the various state rules can be complicated.
It’s always best to have an experienced business attorney on hand to help ensure business owners don’t make any mistakes that could result in the loss of their corporate veil.
Protect Your Business and Yourself
Owning and operating a business is hard work, especially during an economic downturn! On top of the day-to-day workload, there are numerous state filings, entity governance requirements, and legal arrangements to consider, all of which mean less time to devote to running the business. But when these tasks go undone, owners risk losing their corporate veil and liability protections.
The Alexander Abramson Corporate Veil Program provides business owners with consistent and affordable legal support from experienced business attorneys. We will help you protect against preventable lawsuits and manage liabilities. Sign up now and:
- Make better business decisions
- Avoid hazardous legal pitfalls
- Protect your personal assets
- Focus on your business
- Prepare for the future
Let us carry the legal burden so you can focus on guiding your business through these difficult economic times. Choose the plan below that best suits the needs of you and your business.
VIP Basic
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Mail out annual Corporate Compliance survey (completed and returned by mail).
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Draft proper notices, waivers, & minutes of annual meetings.
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Mail reminder letter & send reminder email at least 30 days before Annual Report due date.
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Keep duplicates of company’s governing documents in-house.
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Two "Quick Question" phone calls to answer legal questions.
VIP Plus
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All VIP Basic features PLUS...
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Two extra "Quick Question" phone calls.
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File company’s Florida Annual Report on or before due date. Filing fees included!
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Serve as Registered Agent (if Florida company) or coordinate with Registered Agent (if out-of-state company).
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Hold in-office meeting with owners to review Corporate Compliance survey.
VIP Platinum
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All VIP Basic & VIP Plus features PLUS...
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Conduct Annual Risk & Reward Assessment to gauge owners' liability protections & measure business' legal risk & exposure.
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Hold meeting to review Risk & Reward Assessment, develop goals & strategies, & maximize opportunities for growth.