Are there things I can do to protect my existing business?

There are. We advise business owners to look at the balance sheet of their companies, and those assets which could be spun off into separate entities and licensed back or leased back or rented back. Moving the ownership out of the company provides the greatest level of protection.
So for example, a company that has machinery equipment or has intellectual property, those assets can be sold and then leased back or licensed back by the company. Once those assets are off the company's balance sheet and there's a subsequent lawsuit, those assets are not reachable by a creditor.

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