Asset Protection and Financial Structuring Print E-mail

How you structure your business and personal financial affairs can have a signficant impact on your ability to create wealth. The right structure will support the creation of wealth, not hinder it.

Are your family home, car and other personal assets protected in the event that your business should face insolvency or should you become bankrupt? Asset protection is a vital element in wealth creation that is often overlooked during the excitement of buying a business or starting a new one.

What structure is right for you?

A variety of options are available in relation to the way you structure your business, and each has its advantages and disadvantages, depending on your individual circumstances. RMG Partners will review your situation and once we have an intimate understanding of your financial position we will discuss:

  • The types of entities that are available and advise on the best one for your situation
  • Whether a corporate structure is required – if so, we will work with you to decide who the shareholders/directors of the company should be
  • Who should own personal and business assets
  • The status of the equity you have built in your business
  • Personal guarantees
  • Loans you have made to your business
  • Fixed and floating charges
  • Partnerships/shareholder agreements
  • Business succession planning
  • Exit strategies.

Tax benefits

The structure you decide upon will impact many areas, taxation being a primary one.  If you are looking for more fleibility with the distribution of income, a corporate structure may be ideal.  RMG Partners will explain the variety of options - from a simple shelf company through to complicated structures involving trusts.  You can be confident that RMG Partners will provide the guidance and support you need to protect your assets and personal wealth.