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Business liablities

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flaigt Joined: 29 Jun 2010 Posts: 1 1.00 Dollars($)	Posted: Tue Jun 29, 2010 6:53 pm    Post subject: Business liablities Like 0 Dislike 0 I am an ndependent busness contractor and I have a couple of jobs that client is not satisfied.If I am sued should I put homes in my wifes name or what other options are available?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Tue Jun 29, 2010 9:56 pm    Post subject: Like 0 Dislike 0 Welcome flaigt, You can transfer the property in your wife's name. However, if you've been already sued by your creditors, then transfer of property can be considered as fraudulent and you can be penalized for the same. You should contact your lender and take his opinion in this matter. _________________ Procrastination is the enemy of your financial success
jheard Moderator Joined: 12 Dec 2007 Posts: 742 Location: Houston, TX 117.92 Dollars($)	Posted: Wed Jun 30, 2010 9:17 am    Post subject: Like 0 Dislike 0 You should incorporate your business. _________________ Disclaimer: This is not legal advice and I am not your lawyer. The information provided in this forum is for discussion purposes only, and is no substitute for an in-person consultation with an attorney who can analyze all of the facts and determine how your state and local laws may apply to your specific situation.

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