By: Barry E. Haimo, Esq. February 19, 2018 Failure to Respect Corporate Formalities and Piercing the Corporate Veil   When it comes forming your business, you have options: disregarded sole proprietorship, general partnership, limited partnerships, limited liability partnerships, limited liability limited partnerships, corporations and limited liability companies (LLCs) (partnership,...

By: Barry E. Haimo, Esq. November 10, 2015 Asset Protection Plan: Why You Need to Separate Yourself from Your Business   As the old saying goes, “It’s not what you make, it’s what you keep that counts.” This tidbit of wisdom can be applicable to anyone, but it rings especially...

Are Malpractice and Liability Insurance Enough to Protect Your Assets? By: Barry E. Haimo, Esq. May 19, 2016 [BEGIN TRANSCRIPTION] HAIMO: Insurance is just one line of defense. It’s important that you get it. However, insurance companies are going to do whatever they can do to avoid paying it out....

Business Planning: When a LLC Is Not Enough   By: Barry E. Haimo, Esq. May 14, 2015 There are a number of reasons why people decide to create limited liability companies, or LLCs. They can make you seem more credible as a business. Your management structure can remain incredibly...

Avoid Creditors: Keep a Mistake from Becoming Financial Ruin   By: Barry E. Haimo, Esq. November 18, 2014 A while back I wrote about how someone could get into a car accident while texting and lose all of their money if the person they hit decided to sue them....

  Isolate Assets - Will a limited partnership (LP) or LLC protect my assets?   By: Barry E. Haimo, Esq. January 3, 2014 Simple Answer: The simple answer is yes. In Florida, a limited partnership (LLP) or a multi-member limited liability company (LLC) will protect your assets. However, it's important to...

  Can a victim take an interest in a Florida LLC?   By: Barry E. Haimo, Esq. December 27, 2013 There are several different types of business entities, with each having its own unique advantages and disadvantages. to illustrate the point, businesses may form: general partnerships (GP) or joint ventures...

https://www.youtube.com/watch?v=viX9M6jee5Y Is malpractice and/or liability insurance enough to protect my assets?   By: Barry E. Haimo, Esq. November 29, 2013 Malpractice insurance is the first line of defense with respect to liabilities deriving from you providing professional services. However, there is a limit to the coverage you can enjoy, and often...

  April 29, 2013 By: Barry E. Haimo, Esq. Beware of the Single-Member Limited Liability Company (LLC)   Limited Liability Company (LLC) interests are characterized as personal property under Florida Law. Everyone that forms a business entity to limit their personal liability does so to separate themselves from creditors of...