Asset Protection for Business Owners


CLE Credits earned: 2 GEN

This course will cover the various types of business entities available to conduct business and analyze for the participants the pros and cons of each with respect to Asset Protection: Sole Proprietorship; “C” Corporation; “S” Corporation; Limited Liability Company (“LLC”); General Partnerships; Limited Partnerships and Limited Liability Partnerships (“LLP”). In addition, there will be a detailed discussion on the benefits of holding the family business in a Section 678 Trust for Asset Protection purposes.

Key topics to be discussed:

•   The most critical decision to make from an Asset Protection point of view is choosing the business entity
•   While some entity types may make business and economic sense, they provide no asset protection for business owners
•   Holding the family business in a Section 678 Trust not only plans for business succession, and minimizing estate taxes, but also provides asset protection for business owners

Date / Time: December 21, 2018

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 pm Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

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Lazaro J. Mur, Esq.

Founder of The Mur Law Firm, P.A., Mr. Mur has been serving the international business community since 1985, has an AV Preeminent Rating from Martindale-Hubble, has been quoted by the Wall Street Journal, is Former Chair of the Florida State Hispanic Chamber of Commerce, lectures on the topics of Global Asset Protection and International Tax Planning on behalf of the National Business Institute, LawPro CLE and myLawCLE; and is a contributing Author for Mundo Offshore, EB-5 Investor Magazine and other World Class Journals.

Accreditation Policy
myLawCLE seeks accreditation for all programs in all states. (Accreditation for paralegals sought thru NALA and NFPA paralegal associations.) Each attending attorney/paralegal will receive a certificate of completion following the close of the CLE program as proof of attendance. In required states, myLawCLE records attorney/paralegals attendance, in all other states attorney/paralegal is provided with the approved CLE certificate to submit to their state bar or governing association.

Automatic MCLE Approvals
All myLawCLE CLE programs are accredited automatically either directly or via reciprocity in the following states: AK, AR, CA, CT, FL, HI, ME, MO, MT, ND, NH, NM, NJ, NY, WV, and VT. (AZ does not approve CLE programs, but accepts our certificates for CLE credit.)

Applied MCLE Approvals
myLawCLE seeks approval via application in all other states that are not automatically approved through myLawCLE’s state accreditation. (Some states may take up to 4 weeks to send in final accreditation, however attendees will receive accreditation according to the date the class was taken—the state of VA may take up to 12 weeks.)

Accreditation on Formats: Live Video Broadcasts, “Live” Re-Broadcasts and On-Demand CLEs

Live Video Broadcasts
Live video broadcasts are new live CLE programs being streamed and recorded for the first time. All of these programs qualify for “Live” CLE credit in all states except NV, OH, MS, IN, UT, PA, GA, and LA —these states require in-person attendance to qualify for “Live” CLE credit.

“Live” Re-Broadcasts
“Live” Re-broadcasts are replays of previous recorded CLE programs, set on a specific date and time and where the original presenting speakers calls in live at the end of the event to answer questions. This “live” element allows for “live” Re-broadcast CLEs to qualify for “Live” CLE credits in most states. [The following states DO NOT allow for “live” CLE credits on re-broadcast CLEs: NV, OH, MS, IN, UT, PA, GA, and LA]

On-Demand CLEs
On-demand CLE classes are available 24/7 via the myLawCLE portal. Attendance to these classes is monitored and recorded via our login process and a certificate of completion is issued upon the close of viewing the program. These CLEs can be viewed at anytime and only qualify for self-study CLE credits.

Many states allow for credit to be granted on a 1:1 reciprocal basis for courses approved in another mandatory CLE jurisdiction state. This is known as a reciprocity provision and includes the following states: AK, AR, HI, CT, FL, ME, MO, MT, ND, NH, NM, VT, NJ, NY, and WV. myLawCLE does not seek direct accreditation of live webinars or teleconferences in these states.

myLawCLE Credit Guarantee
Additionally, on all online CLE programs application for approval will be made in all states where attending attorneys are primarily licensed in. If a registered attorney does not receive credit from their state for any reason, a full refund will be granted.

Section I. Sole Proprietorship

Section II. Corporation Types
a) “C” Corporation
b) “S” Corporation
c) Non-Profit Corporation

Section III. What is a Limited Liability Company?

Section IV. What are the Different Types of Partnerships?
a) General Partnerships
b) Limited Partnerships
c) Limited Liability Partnerships

Section V. How to Hold Your Family Business Entity Interest in a Trust
a) Asset Protection
b) Estate Planning
c) Avoid Probate
d) Business Succession

Section VI. The Section 678 Trust and the Family Business