{"id":530,"date":"2016-07-27T10:39:02","date_gmt":"2016-07-27T10:39:02","guid":{"rendered":"http:\/\/iilsindia.com\/blogs\/?p=530"},"modified":"2023-10-28T18:06:45","modified_gmt":"2023-10-28T12:36:45","slug":"importance-of-asset-protection-in-corporate-world","status":"publish","type":"post","link":"https:\/\/www.iilsindia.com\/blogs\/importance-of-asset-protection-in-corporate-world\/","title":{"rendered":"IMPORTANCE OF ASSET PROTECTION IN CORPORATE WORLD"},"content":{"rendered":"<p><strong><u>IMPORTANCE OF ASSET PROTECTION IN CORPORATE WORLD<\/u><\/strong><\/p>\n<p><em>Ms. Sayantani Das<\/em><\/p>\n<p><em>FACULTY OF LAW, INDIAN INSTITUTE OF LEGAL STUDIES, SILIGURI <\/em><\/p>\n<p>With the rapid development of trade, commerce and industry in modern era has brought about a number of significant changes in the shape of a firm. With the huge expansion in the scale of operation of business, enterprises set up on the basis of sole proprietorship, or partnership and found themselves unequal to the task of meeting all the capital requirements of the present day large scale business. Thus, a new form of business organization came into existence and this is called a \u2018joint stock company\u2019 or simply a \u2018company\u2019 or \u2018corporation\u2019. \u00a0While we are discussing the term company which includes association of a person to run it also includes protection of them. \u00a0From the Christ era, the concept of Asset protection began to develop as a stand- alone area of the law and includes the special area of the company law that addresses key financial concerns. It\u2019s designed to shield and insulate the company\u2019s client wealth from personal to business liability risks. The clients are basically physicians, corporate officers, business and real estate owners who wish to practice their business or profession without jeopardizing the assets they have accumulated over the years. Asset protection consists of methods availing to protect assets from liabilities rising elsewhere. The threshold factors that are includes to analysis the asset protection grounds are firstly to identify the person engaged in the planning like if the debtor is an individual, does he or she have a spouse and to what extend they are liable. The second situation arise where the spouses engaged in activities that are equally result in lawsuits. The nature of the claim must be specific so that the asset protection can be taken as the result of the lawsuit. Over the years, there is choice of laws ruled from the state and make it possible for a person from ant state to create a trust, corporation, limited partnership or limited liability company that is governed by the laws of other nation\u2019s jurisdiction.<\/p>\n<p><span style=\"border-radius: 2px; text-indent: 20px; width: auto; padding: 0px 4px 0px 0px; text-align: center; font: bold 11px\/20px 'Helvetica Neue',Helvetica,sans-serif; color: #ffffff; background: #bd081c  no-repeat scroll 3px 50% \/ 14px 14px; position: absolute; opacity: 1; z-index: 8675309; display: none; cursor: pointer;\">Save<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IMPORTANCE OF ASSET PROTECTION IN CORPORATE WORLD Ms. Sayantani Das FACULTY OF LAW, INDIAN INSTITUTE OF LEGAL STUDIES, SILIGURI With the rapid development of trade, commerce and industry in modern era has brought about a number of significant changes in the shape of a firm. With the huge expansion in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[385],"tags":[],"class_list":["post-530","post","type-post","status-publish","format-standard","hentry","category-importance-of-asset-protection-in-corporate-world"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IMPORTANCE OF ASSET PROTECTION IN CORPORATE WORLD &#187; Indian Institute of Legal Studies Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.iilsindia.com\/blogs\/importance-of-asset-protection-in-corporate-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IMPORTANCE OF ASSET PROTECTION IN CORPORATE WORLD &#187; Indian Institute of Legal Studies Blog\" \/>\n<meta property=\"og:description\" content=\"IMPORTANCE OF ASSET PROTECTION IN CORPORATE WORLD Ms. Sayantani Das FACULTY OF LAW, INDIAN INSTITUTE OF LEGAL STUDIES, SILIGURI With the rapid development of trade, commerce and industry in modern era has brought about a number of significant changes in the shape of a firm. With the huge expansion in&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.iilsindia.com\/blogs\/importance-of-asset-protection-in-corporate-world\/\" \/>\n<meta property=\"og:site_name\" content=\"Indian Institute of Legal Studies Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-27T10:39:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-28T12:36:45+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.iilsindia.com\\\/blogs\\\/importance-of-asset-protection-in-corporate-world\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.iilsindia.com\\\/blogs\\\/importance-of-asset-protection-in-corporate-world\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.iilsindia.com\\\/blogs\\\/#\\\/schema\\\/person\\\/3ab632b247e50af2538c8e1bda53e9a6\"},\"headline\":\"IMPORTANCE OF ASSET PROTECTION IN CORPORATE WORLD\",\"datePublished\":\"2016-07-27T10:39:02+00:00\",\"dateModified\":\"2023-10-28T12:36:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.iilsindia.com\\\/blogs\\\/importance-of-asset-protection-in-corporate-world\\\/\"},\"wordCount\":360,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.iilsindia.com\\\/blogs\\\/#organization\"},\"articleSection\":[\"IMPORTANCE OF ASSET PROTECTION IN CORPORATE WORLD\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.iilsindia.com\\\/blogs\\\/importance-of-asset-protection-in-corporate-world\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.iilsindia.com\\\/blogs\\\/importance-of-asset-protection-in-corporate-world\\\/\",\"url\":\"https:\\\/\\\/www.iilsindia.com\\\/blogs\\\/importance-of-asset-protection-in-corporate-world\\\/\",\"name\":\"IMPORTANCE OF ASSET PROTECTION IN CORPORATE WORLD &#187; 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