Who is at risk? But more to the point –who’d risk it?
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If you own a business or property; employ people or manufacture a product or deliver a service you are potentially at risk and should have an asset protection strategy in place. This includes: |
In a nutshell
• Company Directors
• Business Owners – sole traders, partners.
• Professionals – lawyers, accountants, “advisers”, doctors, dentists etc.
• Rental property owners
• High profile/public figures.
Individual
(sole trader)
With the sole trader structure, the individual and the business are ‘the same entity’, therefore it offers no asset protection. |
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Partnership
Two individuals in partnership simply duplicates the problem of a sole trader structure – now we have no more protection but two people ‘at risk’ and two sets of asset up for grabs’. |
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Company
While this individual may be a director of the company, the individual and the company are separate entities and this does offer some protection. Unlike in the case of a sole trader or partnership, if someone sues the business (the company in this case) they are not suing the individual. |
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By designing the most effective asset protection structure for you, our advisers are able to protect you and your assets.
The asset protection assessment process involves identifying what you currently own, how you are currently structured and a plan to take you from where you are today all the way to the ideal structure of your business.
For more information about Asset Protection and how we can help you please contact us |
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