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00:04
one of the ways business owners can
00:06
protect their personal assets is never
00:07
commingle
00:09
the business assets or business income
00:11
with their family income
00:13
don’t try to pay a bunch of their
00:15
personal expenses out of their business
00:17
if they disregard the business and they
00:19
treat it as their personal piggy bank
00:21
the court will too and it will allow the
00:23
creditors of the business to do that
00:25
the other way is just to use those some
00:27
of the asset protection techniques
00:29
to isolate both the value and the risk
00:32
of the business to the business
00:34
and keep it away from the owner’s
00:35
personal assets
Tampa FL, commercial litigation attorney Stan Padgett talks about how can business owners protect their personal assets.