3 ways to guard your dealership assets

Description

Abstract: Typically, dealer-owners have worked hard for years to make their dealership a success — and they don’t want an event like an adverse lawsuit settlement to gobble up their assets. Additionally, if their business fails, they don’t want creditors wielding claims on those possessions. This article offers proactive steps to protect assets, such as forming a family limited partnership or setting up a Crummey or offshore trust.