Single Owner Inc. Asset Protection

[tycoon7]

Hi guys, asset protection question here:

I have 2 companies. 100% share owner in both, 1st is Corp.(operating as C-Corp), 2nd is Inc. (operating as C-Corp). Both registered in NYC.

2nd company is relatively new, and i want to have full asset protection for my 1st company and me, if smng will go wrong in 2nd company.

What steps should i do to ensure this? From my understanding i have the following 'weaknesses':
1. Single member
2. Both companies registered for my home address
3. I don't really have any employees, 2nd business have couple of projects outsourced to freelancers, but that's about it.

Sure i will go the speak to the lawyer about it, but i just want to have basics, so i would know which lawyer is good, which not.

Regards,
tycoon7

 

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[GlobalWealth]

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[100k]

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[GlobalWealth]

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[100k]

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Jewi e podi 1.