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Hi mark Kohler here with another two-minute tax and legal tip as a small business owner myself an average American I know how important it is to protect our assets, and how scary it is. They might be threatened by a lawsuit I want to share four principles that you can start using right now to better protect your assets Number one watch out for the myths and the scams out there Theres all these fly-by-night companies out there that are selling these Elaborate structures calling you from a call center selling usually entities from Nevada or Wyoming and promising to hide your assets Please get a second opinion work with a nationwide lawyer or a lawyer in your backyard they can tailor an asset protection plan to you Number two take a hard look at your assets and review your risks so many people get anxious and excited about asset protection When they really dont have that many assets or the need to do asset protection Now a little bit of good asset protection principles are always import