Jump to content
The forums have been archived and are now read only. Years of great info saved for your reading pleasure. Thank you! Visit us on Facebook: https://www.facebook.com/NakedInvestor/ ×
The Naked Investor Forums
JerseyJeff

Asset Protection

Recommended Posts

 

Jeff,

 

You will find Robert J. Abalos has a lot of bad press. He has mislead many in the real estate game. He was booted off of Ebay for selling his products but not delivering. He cheated many people on the internet and there are many web complaints at the consumer affairs department of Massachusetts, Virginia, and the State of Washington on his internet sales practices.

 

Buyer beware!

---

As for liability protection: To avoid the problems of legal liability, the answer is to not violate the law. The article just indicates what could pierce the corporate veil of protection and does not address avoidance of corporate liability.

 

According to a plethora of court cases, to pierce the corporate veil requires proof of three elements: 1. complete domination and control of both the entity's policy and business practices; 2. use of such control to commit fraud or wrong, breach of a legal duty, or a dishonest or unjust act (such as using such control to avoid personal liability previously assumed by an individual); and 3. that the aforesaid control and breach of duty must proximately cause the injury or loss.

 

The areas are: Fraud, Breach of a legal duty, Dishonesty, and Proximity. Avoid these and you are protected by a corporate entity.

 

For a more accurate view of asset protection, see http://www.rjmintz.com

 

Daniel

Share this post


Link to post
Share on other sites

Jeff, is it me or is that link broken?

And Daniel is correct. Abalos has some serious credibility issues. I don't know him personally, nor have I ever had any dealings with him. But the things I have heard are not at all favorable.

Share this post


Link to post
Share on other sites

If you are looking for asset protection information, the best and most cost effective is located near you at the law library in your county. I have spent a lot of time in my local law library and have found information and sample documentation that applies to the real world.

 

Forget Abalos and get the information that applies to your situation.

Share this post


Link to post
Share on other sites
Jeff, is it me or is that link broken?

And Daniel is correct. Abalos has some serious credibility issues. I don't know him personally, nor have I ever had any dealings with him. But the things I have heard are not at all favorable.

 

 

Ya I heard Abalos would send anyone that purchased his course a barney video with a note telling people to aspire to be more like barney. Its the best way to protect your assets.

Share this post


Link to post
Share on other sites

×
×
  • Create New...