Do YOU manufacture or distribute a product or service to the public? Have YOU ever had a product liability lawsuit filed against YOU or YOUR manufacturing or distributing company?
YOU need not run nor hide from Product Liability or Services Lawsuits. Worthington Group has an answer for YOU. There is a proven method in which protection can be afforded to those who manufacture or distribute products and/or services from these types of lawsuits. A$$ets cannot be seized nor can judicial judgments be collected. All this is possible with the establishment of what is called an Unincorporated Organization. (Contractual Business Trust).
The transferring of liabilities to this structured entity will relieve YOU and/or YOUR manufacturing or distributing company of liabilities, but only and if ALL YOUR personal and manufacturing or distributing company a$$ets are exchanged/conveyed into the Unincorporated Organization (Contractual Business Trust).
Unfortunately, in the litigious society in which we live, litigation effects YOU and everyone YOU know. In California, 1 out of every 7 1/2 persons is subject to lawsuits; in the United States, 1 out of every 4 persons is subject to lawsuits; and wouldn't you know, in Washington D.C., 1 out of every 2 persons is subject to lawsuits.
Society has come to the point of 'suing anyone for any reason'. What YOU have worked so very hard to accumulate can disappear over night. Liens or judgments can and are used to seize all types of a$$ets . A plaintiff can go to court on trivial grounds and come out a big judgment winner.
A manufacturer exercising all possible care in manufacturing a product can still be liable for injury. EXAMPLE: A person buys a ladder, and in using the ladder places the ladder on soft ground. The ladder tilts in the soft ground, the person falls off and injures themselves. The jury using products liability theory awards the person compensation because they say the ladder manufacturer should have put warning labels on the ladder instructing the user against placing the ladder on soft ground. This may seem extreme, it is not, it happens daily to manufacturers and distributors of products and services.
Don't Allow This To Happen To YOU, YOUR Family, or Business. In order to protect YOURSELF and YOUR a$$ets, YOU need to realize that a real danger exists.
If YOU have a successful business or substantial a$$ets, YOU are at high risk, YOU need to plan for 'when' you get sued, not 'if ' YOU get sued.
TYPES/CLASSES OF LAW SUITS:
| 1) Intentional Torts | 2) Unintentional Torts |
| 3) Strict Liability | 4) Vicarious Liability |
These above 4 mentioned include but are not limited to:
| 1) Assault | 10) Warranties-Express and Implied |
| 2) Battery | 11) Products Liability |
| 3) Corporation, Acts of Director | 12) Owner, Damages Caused by Pet |
| 4) Intentional Infliction of Emotional Distress | 13) Farmer, Acts of Livestock |
| 5) Trespass to Land | 14) Employer, Acts of Employee |
| 6) Defamation | 15) Employer, Negligent Hiring & Training |
| 7) Misrepresentation | 16) Employer, Activities of Subcontractor |
| 8) A Duty of Care | 17) Partner, Acts of Joint Partner |
| 9) Violated Duty of Care | 18) Parent, Acts of Children |
These are some of the instances in which suits are brought against the manufacturer and/or distributor of products and services. By exchanging/conveying a$$ets into an Unincorporated Organization (Contractual Business Trust), YOU suddenly become a much less attractive TARGET for a suit, and even if an adversary won a judgment against YOU, it would not be collectable as YOU do not have legal title to ANY a$$ets/property.
Worthington Group adheres strictly to Court decisions and IRS Codes and Regulations in the structuring of all Trusts. In Palmer et al v Taylor, et al, 269 SW 996 (1925) the Court stated:
"The organization of a Common Law (business) Trust was held not unlawful Subscription to stock in a Common Law Trust was held to be NOT a gift but an investment";
and in Reeves v Powell, 267 SW 328 (1924) the Court stated;
"It is established by legal precedent that Pure Trusts are lawful and valid business organizations".
The IRS recognizes Contract Trust Organization, CFR Regulation 301.7701-4(b),& Berry v McCourt, 204 NE 2nd 235,240; (b) CFR Regulation States;
" Business Trusts - there are other arrangements known as trusts, because the legal title to property is conveyed to trustees for the benefit of beneficiaries, but which are classified as trusts for purposes of the IRS Code, because they are not simply arrangements to protect and conserve property for the beneficiaries".
DON'T WAIT, YOU, YOUR FAMILY AND BUSINESS ARE TOO IMPORTANT!!!
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