You should understand that those minimums are for drivers with
few personal assets.
Plus, it is one of
the few personal assets that can't be touched in bankruptcy proceedings.
Not exact matches
While relying upon
personal resources may be common, it's also limiting to entirely rely upon
personal credit and
assets for a
few reasons:
I've always been surprised by how
few mutual fund managers are anxious to invest their
personal assets side by side with their shareholders.
I've seen quite a
few mentions of self - published authors working under the protection of an LLC for the very reasons you mention — legal protection for
personal assets.
The whole theme of his first
few books was to take risks in real estate and other investments, but incorporate so you can protect your
personal assets in case your risks don't turn out.
A
few places to get started are by requesting and investigating your credit score, calculating your Debt - to - Income ratio, creating a budget, and performing a
personal financial audit (think total
assets and debts).
He added that while many investors have often sought
personal advice from Vanguard, in the past such services were offered only to high - net - worth clients because those services couldn't be made affordable to those with
fewer assets.
Filing an Articles of Dissolution takes just a
few minutes and helps protect your
personal assets.
During your consultation, your bankruptcy lawyer may also ask you to answer a
few personal questions or have you fill out an intake sheet to collect specific information about your debts,
assets and your financial goals.
If your corporation has
few assets, a bank providing loans to the corporation may require its shareholders to provide
personal guarantees or security for the benefit of the bank.
Completion of the necessary court forms on which we listed the
few assets we did have didn't really take specific furniture, furnishings, appliances and
personal property into account.
Whether you should carry umbrella insurance or not is ultimately a
personal decision, but those with more
assets may benefit more from umbrella coverage than those with
fewer assets.
Whether it's an antique piece that's been in your family for generations or a showpiece to mark a
personal milestone,
few assets pack the emotional impact of jewelry.
WOW, were were looking into putting our
few units into an LLC to protect our
personal assets in case tenants sue, and my accountant just advised me that apart from paying to FORM an LLC, there will also be an 800 $ tax / year for California (we live here).