Asset protection involves more than simply setting up a company to run your business, or holding assets in the name of a spouse. Asset protection involves understanding the risks, having systems in place to deal with risk, how your business is structured, and how personal assets are owned. Planning and regular reviews are essential for effective asset protection.
The IssuesIt can take a lifetime to grow your wealth and asset base, but only a moment in time for it to be lost and taken away. Australia is one of the most litigious jurisdictions in the world. Protecting assets against frivolous creditors and lawsuits is increasingly becoming a common concern. To avoid significant losses, it is important to have reliable and effective asset protection strategies so you can continue to grow your wealth and achieve your financial objectives.
In business this can take the form of effective solutions protecting valuable income earning assets from exposure to a trading entity in a tax effective manner. Business owners often believe their assets, including intellectual property and plant equipment, are automatically protected, but in fact they are the most susceptible to litigation.
Aitken Lawyers have the experience and expertise to provide you with effective solutions in business and in your personal life to provide you with peace of mind that your assets are protected by providing services and advice to help you manage and safeguard what you’ve worked hard to achieve.Our Asset Protection Lawyers can provide you with an initial appraisal to review your situation, discuss your risk profile, and provide you with advice on appropriate asset protection and Business Succession strategies.
It could be said that Asset Protection is as important as business insurance, don’t leave things to chance, talk to Aitken Lawyers Business and Commercial team today to discuss the right protection for you. Call us 02 8987 0000.
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75 Elizabeth St
Sydney NSW 2000
+61 2 8987 0000