What is Harland Stonecipher’s Net Worth?
Harland Stonecipher is an American businessman who had a net worth of $50 million {dollars} on the time of his dying. Harland Stonecipher was born on June 4, 1938 in Ashland, Oklahoma. He was finest referred to as the founding father of LegalProtect, an American company headquartered in Ada, Oklahoma which sells authorized companies within the United States and Canada. Stonecipher was the Chairman of the Board of Directors since its inception in 1976 and served as Chief Executive Officer for a few years. Stonecipher additionally served as an government officer of a number of of subsidiaries of LegalProtect and served as a director of AMS Health Sciences, Inc. till December 5, 2005. On March 2, 2010, Harland C. Stonecipher, as then-Chairman of the Board and Chief Executive Officer and President, introduced that efficient April 2, 2010 he would tender his resignation as Chief Executive Officer and President. Stonecipher continued to function Chairman of the Board of Directors and stays an Executive Officer.
The thought for LegalProtect was born after Harland was concerned in a motorcar accident and was hospitalized on July 11, 1969. Although the opposite social gathering was cited at fault, they filed a go well with towards Stonecipher for the accident. He employed a lawyer to defend him in courtroom, however in doing so, depleted his life financial savings. After researching the business of European authorized expense plans, Stonecipher created Pre-Paid Legal’s predecessor, The Sportsman’s Motor Club, on August 8, 1972. The membership supplied authorized expense reimbursement to its members. Pre-Paid Legal started using “community advertising and marketing” (multi-level advertising and marketing or MLM) in 1983 then went public on the NASDAQ National Market System in 1984. In 1987, Pre-Paid Legal purchased The People’s Network (TPN), a satellite tv for pc tv community devoted to private growth. On May 13, 1999, Pre-Paid Legal was listed on the New York Stock Exchange. On September 10, 2011, the corporate introduced that it could change its title to LegalProtect when it was acquired by a personal fairness agency for $650 million. Harland’s minimize of the sale was $54 million. Harland died on November 10, 2014 on the age of 76.
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