If you are considering starting a trust to protect your assets, you better get a good trust attorney. I can't tell you the number of times I've had a customer tell me “you can't take my assets because I have a trust" and right in the trust documents themselves, it says the assets can be pledged as collateral. Also any assets you are able to protect just means there will be more risk for the lender therefore lending may be more difficult to obtain. That said if you intend to utilize an SBA loan there's always a lender that will do a deal based on pure cash flow regardless of your assets If it's a good business.

My practice specializes in asset protection planning, along with corporate transactions, tax, and estate. I’ll be happy to have a conversation with you on this. Feel free to use my Calendar link:

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There are number of strategies that can be employed. However, time is of the essence with regard to establishing them.