What risks can a company be protected from?
Factors that may affect the safety of a company’s property and capital:
Fraud and criminal intent. It is difficult to insure against intruders who are willing to falsify documents and organize illegal takeover of a company. Even in the presence of evidence and a criminal case, it can be very difficult to restore justice and protect assets.
Problems with state authorities. Quite often an obstacle to the successful operation of the company are claims from official organizations of the country, for example, mistakenly issued large tax and customs invoices that do not correspond to reality. Corruption is also one of the most common problems. It is possible to protect corporate property in court, but the active process involves additional expenses and takes a lot of time.
Confrontation with customers, competitors and bankruptcy. Business property protection is necessary in the event of disputes over intellectual property rights, collection of compensation or other claims from customers. Counterparties go to court to settle the situation, and the company may lose a large share of capital or property as a result.
Disputes with business partners. Having multiple co-founders in a firm always carries a risk regarding the division of corporate property. Even if the situation is resolved amicably, the business itself may suffer due to mismanagement during the dispute resolution period.
Inheritance issues. The successors of the owners, as well as members of their families, may claim a share of the company. Due to disputes between relatives, a part of the company’s shares may become a bargaining unit and be put up for sale. Years of litigation proceedings threaten the company’s operations, so it is important to provide effective protection for the company against successors and former spouses in advance.
Insider fraud and lawsuits. Company property can also be at risk if it is targeted by corporate criminals. This category of risk involves employee bribery, disclosure of confidential information, and lawsuits. By contacting Alt-industry, you can count on competent legal assistance and a customized business development plan with asset protection.
