Structuring of Business & Personal Affairs

This element of life planning essentially focuses on structuring your business and personal affairs to meet your needs both now and in the future.

Why is Structuring Important?

Structuring is important as, if done properly, it can potentially:

  • Minimise your taxation liabilities;
  • Maximise any pension entitlement in your retirement;
  • Prevent situations whereby you are asset rich but cash flow poor;
  • Minimise your exposure to creditors and inherent commercial risks;
  • Allow flexibility in managing and distributing income earnt from assets to both you and your family.

Types of Structures Available

In structuring your personal or business affairs it is important to understand that there are different types of structures available, each with its advantages and disadvantages.

The most commonly encountered structures when life planning include:

  • Sole Trader/Individual;
  • Partnership/Joint Venture/Joint Ownership;
  • Company;
  • Trust (including fixed, unit, discretionary and testamentary trust);
  • Hybrid Trust;
  • Superannuation.

Any assets you own will more than likely be held in one or more of the abovementioned forms. The question to be asked is whether such form or forms of ownership will serve your best interests both now and in the future and offer you the flexibility required to meet your desired life goals.

How We Can Help

We can help by:

  • Reviewing how and by whom your assets are owned or controlled by;
  • Identifying possible concerns or risks that should be considered;
  • Evaluating and determining what options you have available given your desired life goals;
  • Setting up any necessary entities to structure your affairs to meet your desired life goals.

For further information please contact: