The asset protection entities are completely legal. There's nothing "wrong" ipso facto with doing it.
The question is only whether they will succeed in protecting your assets when your assets are actually challenged. It depends on the size and scope of the judgment, the circumstances in which it takes place, the quality and nature of the litigation, and so on. It is the gulf between the theoretical and the de facto that I am attempting to illuminate. In practise, in situations where courts and plaintiffs are most rabidly after your assets (i.e. bankruptcies of various stripes), merely having them owned by entities other than the one being sued may not be enough. -- Alex Balashov Evariste Systems Web : http://www.evaristesys.com/ Tel : (+1) (678) 954-0670 Direct : (+1) (678) 954-0671 Mobile : (+1) (706) 338-8599 _______________________________________________ -- Bandwidth and Colocation Provided by http://www.api-digital.com -- asterisk-users mailing list To UNSUBSCRIBE or update options visit: http://lists.digium.com/mailman/listinfo/asterisk-users
