Minimise the risk of losing your personal assets with an Asset Protection Strategy.
Our world is unpredictable, and every business owner should have in place an Asset Protection Strategy 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 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 and Succession Planning, and Self Managed Super Funds Ballarat & Bendigo.