Legally Enlightened With Lisa Fraley

You hear accountants, lawyers and financial planners kick around the word “assets.” But, what exactly ARE assets? How do you know if you have any personal or business assets worth protecting right now? (You might be surprised to know that you likely do!) What should you do to protect them? In this podcast episode, we demystify the world of assets and break down the 2 main types of assets and 4 common ways to protect them.  In this episode, Lisa shares: A general definition of assets    What falls into the 2 main categories of assets for small biz owners: personal assets and business assets 4 important ways to protect your assets  Why you should use legal documents such as Client Agreements, Terms of Use, and Joint Venture Agreements in your business How a business entity like an S-Corp or LLC protects your business assets   How creating a Will and/or Trust can protect your personal assets  How Trademarks and Copyrights protect your intellectual property Why Lisa aligns corporate entities to protect your asse