Top 6 Ways to Secure Company Assets

Securing company assets is vital given that these days everybody's favorite pastime is making a claim or starting a lawsuit. If your company is being sued then it is important to make sure that the assets are secure otherwise the whole business could be at risk. Obviously, when you set up a company it is important to seek legal advice but this can often be prohibitively expensive so here we are going to take a look at 7 ways to secure company assets.

1. Choose the Right Business Entity

This is one of the most important decisions you can make. If you are starting out as a small business you may set up your company as a sole partnership, and this does make sense initially but you are running the risk of losing all your personal assets if you are sued, as they are left completely exposed. If you do start in this way make sure that you change the entity of your business as soon as it becomes profitable to an LLC or an S corporation, which will afford much more protection over your assets.

2. Keep a Corporate Veil

You must separate your personal life and finances from your business life even if you have structured your company as an LLC. This is because if you are sued the prosecutor will be looking for any slight overlap between the two to try and get to your personal assets. You must have a separate bank account and must never use your personal name, always the company name on any correspondence. If you are unsure of any of these steps it is always wise to seek more information, but at the minimum make sure you keep full corporate records and be as squeaky clean as possible to keep those hawks at bay.

3. Run Your Business Legally

It is incredibly important to run your business as cleanly as possible. Always make sure you have a contract for every transaction or project. Make sure that all leases, property, or hire purchase contracts are in the name of the company and only hire staff that is legally able to work. Do not be tempted to employ cash in hand labor or it could come back to bite you where it hurts. You are trying to make it as difficult as possible for anyone to pick holes in your business and therefore claim it is an extension of you personally, thereby permitting the seizure of your personal assets should you lose a lawsuit.

4. Take Out Insurance

Making sure you have the correct insurance policy does not mean that you can go against everything we have learned so far, it is just what the name suggests: insurance. Sometimes the unavoidable happens so it is important to be protected in this scenario. Consider business and public liability cover and depending on the size and nature of your business it can be wise to take out umbrella insurance that can payout on your behalf if you find yourself on the wrong end of a legal judgment.

5. Move Assets

If you are married an option, albeit a slightly risky one, is to transfer some of your personal assets into your spouse's name for protection, as normally creditors cannot seek the assets of a spouse. Of course, if you have a mortgage in both your names this won't make any difference, and if you divorce it may be impossible for you to get your assets back, however, in the right circumstances, it can be a good tool to keep your assets separate from your business.

6. Encumber Assets With Liens

A rather sneaky way of making your assets less attractive to a potential creditor is to encumber them with liens. If your house or property has a 95% credit line secured against it then it becomes essentially worthless and hence it is often not worth the while of any creditor coming after it. This method isn't just limited to your home, it can be used against any high worth asset that you have, and can raise funds against.

How to Learn Much More From the Books You Read

It is one thing to read and another thing to understand what you are reading. Not only do you want to understand, but also remember what you've read. Otherwise, we can safely say that if we're not gaining anything from what we read, then it's a big waste of time.

Whatever you read, there are ways to do so in a more effective manner to help you understand better. Whether you are reading by choice, for an upcoming test, or work-related material, here are a few ways to help you improve your reading skills and retain that information.

Read with a Purpose

Never has there been a shortage of great books. So, someone recommended a great cookbook for you. You start going through it, but your mind is wandering. This doesn't mean the cookbook was an awful recommendation, but it does mean it doesn't suit nor fulfill your current needs or curiosity.

Maybe your purpose is more about launching a business. Maybe you're a busy mom and can't keep office hours, but there's something you can do from home to help bring in more money, so you want information about that. At that point, you won't benefit from a cookbook, but you could gain a lot of insight and find details here on how-to books about working from home. During this unprecedented year, millions have had to make the transition to work from home, and millions more are deciding to do that. Either way, it's not a transition that comes automatically or easily, but reading about it will inform you about what working from home entails.


When you pre-read it primes your brain when it's time to go over the full text. We pre-read by going over the subheadings, for instance, the table of contents, and skimming through some pages. This is especially useful when you have formal types of academic books. Pre-reading is a sort of warm-up exercise for your brain. It prepares your brain for the rest of the information that will come about and allows your brain to be better able to pick the most essential pieces of information you need from your chosen text.


Highlighting essential sentences or paragraphs is extremely helpful for retaining information. The problem, however, with highlighting is that we wind up highlighting way too much. This happens because we tend to highlight before we begin to understand. Before your pages become a neon of colored highlights, make sure that you only highlight what is essential to improve your understanding and not highlight the whole page.

Speed Read

You might think there have been no new ways to read, but even the ancient skill of reading comes up with innovative ways; enter speed reading. The standard slow process shouldn't affect your understanding, but it does kill your enthusiasm. The average adult goes through around 200 to 250 words per minute. A college student can read around 450 words, while a professor averages about 650 words per minute, to mention a few examples. The average speed reader can manage 1,500 words; quite a difference! Of course, the argument arises between quality and quantity. For avid readers, they want both quantity and quality, which leads us to the next point.

Quality Reading

Life is too short to expect to gain knowledge from just one type of genre. Some basic outcomes of reading are to expand your mind, perceive situations and events differently, expose yourself to other viewpoints, and more. If you only stick to one author and one type of material, you are missing out on a great opportunity to learn new things.

Having said that, if there's a book you are simply not enjoying, remember that life is also too short to continue reading it. Simply, close it, put it away and maybe give it another go later on, or give it away. There is no shame or guilt in not liking a book; even if it's from a favorite author. It's pretty much clear that you won't gain anything from a book that you don't even enjoy, let alone expect to learn something from it.


If you're able to summarize what you have read, then you have understood. When you summarize, you are bringing up all the major points that enhance your understanding. You can easily do so chapter by chapter.

Take a good look at your life and what's going on in it. Accordingly, you'll choose the material that is much more suitable for your situation and circumstances. When you read a piece of information that you find beneficial, look for a way to apply it to your life. Knowledge for the sake of knowledge isn't all that beneficial. But the application of knowledge from a helpful book is what will help you and make your life more interesting and more meaningful.