Assets can be owned by individuals, companies, trusts, partnerships and even superannuation funds. Getting the right structure in place is critical to ensure assets are protected and tax is minimised for your business and personally.
Choosing the right type of entity that is used for the ownership structure of assets is a crucial step in becoming better financially organised.
The transfer of assets between entities can be extremely beneficial in protecting assets, however there could be tax implications so seeking professional advice is essential.
Key areas of consideration for your Asset Protection Plan include:
Contact our team today for free advice about developing a personalised and effective Asset Protection Plan.
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