Australian Asset Protection Podcast: Lawsuit Proof | The Ultimate Insurance | Dean Argent

5 Reasons why using Pty Ltd companies to Protect your assets is makes you an attractive target to a litigation attack

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Synopsis

5 Reasons why using Pty Ltd companies to Protect your assets is makes you an attractive target to a litigation attack.   In this podcast, Dean Argent reveals the 5 dangers of using Pty Ltd companies as your only means to protect your assets from litigation attacks is plain dangerous. Back in the 60’s before the frivolous litigation explosion, Pty Ltd companies were extensively used to separate the company's assets from personal assets. They were also very effective at ensuring that any disputes that arise from your business or investment activities were isolated to the company, thus protecting your family home.   Well those days are gone.   In a 1973 case, it was described as “now fashionable” that the protection offered by a Pty Ltd company be easily set aside, and the directors or shareholders' assets - like the family home – would be up for grabs because of some claim made against the company. It’s wrong .. I know. But it’s time we wake up to the fact t