Lawsuit Abuse in Florida
Lawsuit abuse is reason for worry. A survey conducted by the National Federation of Independent Business (NFIB), in conjunction with Sick of Lawsuits, found that 92 percent of small business owners in Florida believe that lawsuit abuse is stunting their growth. According to NFIB's Florida Chapter, "Lawsuit abuse is turning Florida's business climate into a climate of fear for small business owners." Now, 92 percent is a staggering number, but who doesn't think lawsuit abuse is a problem? The answer is obvious. Most interesting, though, are the additional findings, and what follows is a discussion of these statistics under the purview [...]
Common Types of Creditors
The United States is an extremely litigious society with result-oriented judges and juries frequently ruling in favor of the creditor plaintiff. The judgments have the potential to bankrupt both businesses and individuals, the litigation is costly and winning may only amount to a pyrrhic victory. Therefore, limiting your liability through asset protection planning greatly reduces your personal and business exposure to the many risks associated with living in the United States. The following is a sample of the different types of creditors likely to be on the other side of the lawsuit: Tort creditors A tort is defined as an act that injures [...]