Our Miami financial attorney can help at the outset of a business’ life. The decisions on corporate structure will have significant implications for an owner’s personal liability. A successful business will almost certainly run into issues where legal action could be possible, be it a vendor or a client. The right corporate structure can shield the owner’s personal assets (i.e., their home) from being vulnerable in litigation. Furthermore, the corporate structure should be chosen with an eye towards maximizing the tax position of the business. The need for asset protection only grows as a business becomes more successful and ownership is able to accumulate more wealth. The inheritance of heirs needs to be protected. A financial lawyer can advise on the best path to succession planning, including how to structure a trust.