Insurance
Nov. 16, 2022
Recession forces many business owners to consider asset protection
Now that we are out of a hot market and are transitioning into a possible recession (or are there already), the topic of guarantees comes up often.
Jacob Stein
Asset Protection Attorney and Chair of the Private Client Practice
Aliant, LLP
Email: jacobstein@aliantlaw.com
You can always tell by how well the economy is performing by how many business owners or real estate developers sign personal guarantees. In a red-hot market, guarantees are common. Hope and optimism displace common sense, and the fear of missing out leads to greater risk taking.
Now that we are out of a hot market and are transitioning into a possible recession (or are there already), the topic of guarantees comes up often. As in, “I wish...
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