This case study involving the Johnson Family Bakery is an illustration of how asset protection strategies can be utilized to protect family assets from unforseen liabilities and costs.  Case results may very from one circumstance to another.ASSET PROTECTION Lawyer new york city

The Challenges

The Johnson Family Bakery, a beloved local establishment, faced a significant legal challenge when a lawsuit threatened not only the business's assets but also the personal assets of the family members involved.

Asset Protection Strategies

Business Entity Formation

The bakery was initially organized as a a sole proprietorship. By selecting to reorganize as a limited liability company (LLC), the bakey developed a legal separation between personal and business assets, offering a shield against business-related lawsuits.


Comprehensive business liability insurance was put in place, offering a first line of defense against claims.

Estate Planning Integration

The family's estate plan was revised to include the business as part of the asset protection strategy, ensuring that future generations could inherit a protected legacy.

The Outcome

Thanks to timely asset protection planning, the Johnson Family Bakery was able to weather the lawsuit with minimal financial impact. The business assets were safeguarded, and the family's personal assets remained untouched, securing the bakery's future for the next generation.


This case study underscores the importance of proactive asset protection planning for business owners. By employing strategic legal structures and integrating asset protection into their estate planning, the Johnson family ensured the longevity and success of their business against unforeseen challenges.

Ted Alatsas
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Trusted Brooklyn, New York Family Law Attorney helping NY residents with Elder Law and Asset Protection
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