The United States makes up less than five percent of the world’s population, yet according to researchers, a staggering 90 percent of lawsuits occur in America. Medical malpractice is an epidemic in the country, and the American Medical Association (AMA) says one in three clinicians will be sued at least once throughout their career, with some surgical specialists having an even greater chance of being sued.
Legally Mine, under the leadership of CEO Dan McNeff, was established with a unique mission to safeguard the hard-earned assets of doctors, dentists, medical practitioners, individuals and businesses from unnecessary risks.
The company’s approach to wealth management is centered around its clients, offering specialized consulting, comprehensive packages, and innovative tools to effectively manage risk.
Legally Mine was initially founded by Jay Mitton, the “father of asset protection,” but was bought in 2007 by Dan McNeff, who transformed the company into a powerhouse.
Today, Legally Mine stands as the largest and most comprehensive lawsuit protection company in the United States. With a team of dedicated attorneys and paralegals, the firm serves over 15,000 members, a testament to its success and credibility in the field of asset protection.
“Our prices are affordable, and people can’t believe what we do at the price, but it’s just because of the volume of sales that we do,” said McNeff. “Our goal is to keep people safe from lawsuits, and we’re very successful in doing that. To date, we don’t know of a single client who has ever ended up in court with a lawsuit because of the strategies we put in place.”
Legally Mine: A Shield for Medical Professionals’ Assets
With over 40 years of experience in asset protection, tax savings, estate planning, and lawsuit prevention, Legally Mine protects the assets of more medical professionals than any other company in the United States.
Clients nationwide seek Legally Mine’s guidance and expertise, and they are drawn to the company’s reputation for integrity, professionalism, and dedication. Entrepreneurs, doctors, dentists and medical professionals who have worked tirelessly to build their wealth turn to Legally Mine for peace of mind, knowing that their assets are in capable hands. This sense of security allows them to focus on what they do best-providing quality healthcare.
One of the key factors that sets Legally Mine apart is its commitment to proactive planning.
Rather than waiting for legal battles or financial losses, Legally Mine empowers clients to take control of their financial future.
By educating them on the importance of asset protection and the various legal tools available, Legally Mine ensures that clients are well-prepared to navigate any challenges that may come their way.
The Proactive Approach to Asset Protection
According to McNeff, he was drawn to the medical community when he launched Legally Mine because they are the most sued community in America.
Many clinicians avoid discussing medical malpractice openly out of fear, so Legally Mine journeys with them through the process.
“They take a risk each time they treat a patient or make a recommendation for a patient,” he explained, “and people think doctors or dentists have the money to be sued. It’s a wicked combination. So we work with them to help them solve that issue.”
In medical malpractice cases, success means avoiding any judgment of liability. Despite physicians prevailing in 8 out of 10 cases that go to trial, the process still takes a heavy toll on time, money, and resources on medical professionals. With the Legally Mine team, businesses don’t have to stress and they can gain peace of mind, along with confidence, thanks to a dedicated and devoted team working on their behalf.
Demystifying Misconceptions: Piercing the Corporate Veil
McNeff said it’s also vital to tackle misconceptions Legally Mine often hears from people seeking their services. The firm usually sees the same mistakes made.
“Most people are under the impression that if they create an LLC for their practice, they have created a division between themselves and everything in their own name and their practice,” he explained. “That would be true, except that the judges in all 50 states can do something called ‘pierce the corporate veil.’ People think it doesn’t happen, but in reality it does. All the judge has to do is see that your corporation is closely held, isn’t publicly traded, and has fewer than 100 shareholders.”
‘Piercing the corporate veil’ is a legal term that refers to a situation where the owners of a corporation lose the limited liability protection that comes with having a corporation. In such cases, the owner’s personal assets can be used to settle business debts and liabilities. It’s important to note that this concept is not limited to corporations, but can also apply to other business entities with separate legal personalities, such as limited liability companies (LLCs) or partnerships.
For example, in the context of an LLC, the owners are typically shielded from personal liability for the debts and obligations of the business, similar to shareholders in a corporation. However, if the LLC is used for fraudulent purposes, undercapitalized, or commingling personal and business assets, a court may pierce the LLC’s veil and hold the owners personally liable.
Similarly, in certain types of partnerships, such as limited partnerships, there is often a distinction between general partners (who have unlimited personal liability) and limited partners (who have limited liability). If the limited liability protection is abused or if there are grounds for piercing the partnership’s veil, courts may hold partners personally liable for the partnership’s debts.
“So basically, almost everyone in America who is in business falls under this category,” McNeff said. “They can take anything in your name and subject it against someone’s practice. That means you have no asset protection in place even when you think you have. If you own a home in your own name, or cars, boats, airplanes, bank accounts, brokerage accounts…all those things in your own name now become subject in the lawsuit against your practice, and you can lose what you have accrued over the years.”
Navigating the Legal Process with Legally Mine’s Expertise
McNeff said Legally Mine has a team of legal experts who can set up perimeters to guide clients through protecting their hard-earned assets and the fruits of their labor. Most of all, the goal is to give people confidence and peace of mind to spend their energy and time investing in their families, businesses, goals, hobbies, and dreams.
Legally Mine’s expertise and experience in the field of asset protection instills a sense of trust and safety in their clients, knowing that they are in safe hands.
McNeff emphasized, “There’s no one-size-fits-all solution for asset protection. You need professionals who understand your unique circumstances and can tailor a strategy accordingly. We are here to help them.”