# Private Wealth Counsel in Florida

The Campbell Law Group P.A., 2121 Ponce de León Suite 540, Coral Gables, FL 33134. General information about Florida law, not legal advice.

### How do I protect my personal assets from business risk?

Operating through an appropriately formed LLC or corporation can help separate business liabilities from personal assets, although the protection is not absolute. Keep personal and business finances separate, maintain suitable insurance and follow required business formalities. Florida law may also protect certain personal assets, depending on your circumstances. https://www.tclgfirm.com/blog/asset-protection-for-small-business-owners This is general information about Florida law, not legal advice, and it does not predict or guarantee any outcome.

### Can I be personally liable for my company’s debts or lawsuits?

Usually, an LLC or corporation helps shield owners from company debts and lawsuits, but there are exceptions. Personal guarantees, certain wrongful acts or circumstances that justify piercing the corporate veil can create personal liability. Keeping business finances separate and following proper corporate procedures can help reduce the risk. https://www.tclgfirm.com/practice-areas/business-law/risk-management This is general information about Florida law, not legal advice, and it does not predict or guarantee any outcome.

### How do I pass my business to my family without a fight in Florida?

A buy-sell or succession agreement that says who can own the company, how the interest is valued, and what happens at death or divorce is what prevents the fight. A will alone does not decide how co-owners must treat a new family member. https://www.tclgfirm.com/blog/family-business-ownership This is general information about Florida law, not legal advice, and it does not predict or guarantee any outcome.

https://www.tclgfirm.com/practice-areas/private-wealth-counsel