Operational Structuring
Do you have your company operations correctly structured? Have you considered the risk to company assets and you as a director should things go wrong such as a company facing liquidation or litigation risk.
Whilst many may plan for growth many business owners don’t plan for the future when things go wrong. Some directors may be placed into company structures for tax issues such as a discretionary trust which they do not understand the reasoning for such structures set up by their accountant.
At Corson Fisk our advisors have decades of expertise in company structuring and operational asset protection management. Having your company structured correctly is important from the start of any business operation as it can lead to significant issues later on.
Things directors should consider are:
- Have I secured money lent to the company under the PPSR?
- What risk is there to my personal assets should the company go into liquidation?
- What potential litigation risks surround the company?
- What risks are there to major assets of the company and intellectual property?
Whilst this list is not exhaustive it’s a general indication of just some of the questions that need to be considered in any new business, besides on just how much tax can be saved.
Solutions that can solve such issues are:
- Undertaking a loan agreement and AllPAAP registration over the company for any working capital contributed by directors
- Structuring the business as a dual company structure separating the trading business from asset holding entities.
- Maintaining a separate trading entity when it comes to litigation risk
- Having correctly structured IP and Asset holding entities with well documented licence agreements and PPSR registrations on the end user.
Corson Fiske – Working with your Accountant
Corson Fiske works with many accountants and their clients when it comes to operational structuring. It’s key to have your accountant involved as whilst we explore the risk issues your accountant needs to counter any potential taxation issues so all teams are on the right path.
Need to Know More ?
Corson Fiske dedicated management consulting and risk team can guide you through the unknown and provide a comprehensive risk review for your company operational structure.
Reach out for an initial consultation.