Asset Protection

Practice Area: Asset Protection
Gross & Romanick's extensive history as a debt collection law firm places it in the unique position as a law firm with attorneys who know how to structure business and individual's assets to minimize the risk of loss. Loss of assets can occur not only as a result of creditor claims but may also occur when a business arrangement is improperly structured.

Gross & Romanick can assist individuals, couples, groups and businesses. In order to prepare a plan for the proper protection of assets, our firm will perform a thorough analysis of our client's assets, including how property is owned, titled and located. In many cases simple changes may result in significant protection.

All businesses need to consider how the legal structure of the business protects its owners from personal liability for the business' debts. Use of corporations, limited liability companies (LLC), limited partnerships and other formal entities is universally understood as a means of protection. However, mere existence of an entity is not sufficient to assure the owners that they are protected from creditors of the entity. The attorneys at Gross & Romanick have the capability to properly structure the business entity and to advise clients with regarding to how to avoid the risk of a piercing of their entity by creditors.

Let Gross & Romanick help you, your family and your business by doing a risk analysis.