If you own a business or own commercial or residential investment property, you should definitely consider setting up a business entity such as a corporation or limited liability company. However, you should probably keep your personal assets such as your house, stocks, etc. out of the company you set up. Use the company only for those “business” assets and use a trust for your personal assets. Keeping such assets separate will reduce the potential for someone to pierce the corporate veil or use an alter ego doctrine argument to make your personal assets available to business creditors.
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