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100 WAYS: #68 Shield Away From Personal Assets From Creditors
– May 13, 2011
Don’t have your spouse sign-on debt. When the banker suggests your spouse sign and guarantee a business loan, let he bank know that because your spouse does not have an interest in your company than he/she won’t sign. Offer an assignment of a life insurance policy instead of a spouse’s signature. Tough negotiations in this area can achieve positive results.
Walker Coburn
318.429.2109
wcoburn@hmvcpa.com
Walker is a Senior Auditor in our Shreveport office. He received his Bachelor of Administration in Accounting and a Masters of Accountancy from Millsaps College in Jackson, MS. Prior to returning to his hometown of Shreveport and joining Heard, McElroy & Vestal, Walker worked for KPMG in Jackson and Memphis, and more recently as a financial reporting advisor for FedEx Corporate.
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