April 9, 2009 6:30 PM - 33 attended
Entrepreneurs, protect your assets from creditors, predators (lawsuits), illness
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What if a creditor sued you for your personal RRSPs and your only protection was to declare bankruptcy?
What if your business partner dies, how would you pay their spouse for your partner’s shares?
What if your business partner dies, how would you pay the outstanding business loan?
What if you lose a key person due to illness or injury, how would you continue to pay them while they recover and replace them till they return?
What if you become ill or injured, how would you continue to pay the business bills plus your personal bills?
Phil DaSilva is a consultant with Investors Group and have my mutual funds and insurance license.
Before joining Investors Group, I owned a variety of businesses. Since joining Investors Group, I’ve discovered many strategies that I could have used as a business owner that would have protected both my business and personal assets. Although I was fortunate to have not needed the protection, I realize how easily I could have lost my assets. With my background as a business owner, I bring a unique perspective to asset protection. If adversity strikes, asset protection will allow your business and your family to carry on.
Join us for a great evening!
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Stuart R. CrawfordPhil DaSilva covered the points that many entrepreneurs need to know before they get into business. Setting up holdco's, protecting assets, moving funds, creditor protection and many other items. -
Kerry Murphy+1 guestThis was our first time and we had a great night! Very informative presentation and a great opportunity to meet people and learn about their businesses. We'll come again! Thanks!
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Trevor SchmidtSome very good information about protecting yourself financially as an entrepreneur, also good ways to cover your family and your assets.
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Sorry I could not make it to the meeting as planned. One of those never ending work days. Should have known with the holiday and all. Stew.