When most people think of estate planning, they think of getting a plan in place for when they die. Of course, this is a major part of estate planning. If we don't want the courts to decide what should happen to our assets, then we need to have a last will and testament in place.
When you are starting a business, it is great to be optimistic and plan for success. But as any good business law attorney will tell you, you also need to plan for the opposite. If a business is not successful and creditors cannot be paid back, or something exposes the business to a lawsuit, you do not want your personal assets to be at risk.