Follow Me

Personal Business Risk Management

All owners of private businesses are one phone call away from disaster. Whether it is a bank calling your loan, a product liability issue or a physical disaster at your place of business, there are large risks that can negatively impact your business and your life.

Business risk management is designed to help you first identify the risks you face and then help you develop and implement a plan that will guide you through the worst, if it should happen.

When we work with Clients on risk management issues within their business, we always make sure you choose the issues we work on. We help you discover the options you have and we work with your other advisors to ensure your risks don’t keep you up until 2 AM.

Some of the risks we help you work on include:

Property and casualty risks of your physical plant
Financial risks from cash management
Capital risks from bank loans
Personal risks that should be shielded under a corporate umbrella
Risks from employees leaving with critical corporate information
Business risks of you not being able to work anymore
Business risks of you dying too early
Product liability risks

DISCLOSURE: Securities and Investment Advisory Services offered through NFP Securities, Inc. (NFPSI), member FINRA/SIPC. Stage 2 Planning Partners and NFPSI are not affiliated.

This site is published for residents of the United States only. Registered Representatives and Investment Advisor Representatives of NFP Securities, Inc. may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact the NFP Securities, Inc. Compliance Department at 512-697-6000.

NFP Securities, Inc. does not provide tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax, and legal counsel.

Asset protection plans should be developed and implemented well before problems arise. Due to the fraudulent transfer laws, asset transfers that occur close in proximity to the filing of a lawsuit or bankruptcy can be interpreted by the court as a fraudulent transfer. Proper structuring of these assets is imperative please seek proper legal and tax advice prior to engaging in re-titling/structuring of any assets. Please note that laws are subject to change and can have an impact on your asset protection strategy.