Minimise the risk of losing your personal assets with a Asset Protection Strategy.
Our world is unpredictable and every business owner should have in place a Asset Protection Statetgy to ensure their personal property – including the family home – are not at risk in the event of litigation.
Accountable Business Solutions’ accountants have the experience and knowledge to assist you formulate a business structure that ensures your assets are protected.
Asset protection planning will consider strategies including:
- Trusts – a trust holds ownership of assets to minimise your personal liability.
- Wills – ensure your assets are passed on to who you intend, and that your affairs are structured to ensure your Estate is not does not face enormous tax liabilities.
- Assets in your spouse’s name – in case of bankruptcy, in many circumstances your spouse’s assets cannot be accessed by creditors.
It is important to consider asset management throughout every stage of your business – from start-up through to maturity and succession. As well as asset protection planning, it’s advisable to speak to us about Estate Planning, Succession Planning and Self Managed Super Funds Ballarat.