Are trusts and family trusts beneficial? What are the different corporate structures?

Let's Dig In...

We all love tax right? RIGHT???

💡Easily one of my favourite recordings to date. Along with Jalal Midani & Ali Spinner of Crowe Soberman, I had a great discussion on the importance of correctly setting up a corporate structure if you're a business owner. However you choose, it will have a profound impact on your tax obligations, operational efficiency, and overall success📝.

We learned a TON 🧠. Key takeaways were 🗝️:

- As a business owner, ask yourself, did you set up your business for a

future-sale? Or for income? 🔄

- For optimal sale-value & after-tax proceeds- 2 years of planning

is a minimum for setting yourself up for greater success 📈

- It doesn't matter much if you pay yourself a salary or a dividend (up

to a specific amount) 🛡️

- The use of trusts and holding companies can be VERY beneficial for

certain goals and in certain contexts- check out if it suits you 💼

If you're a business owner- I don’t say this lightly, you may find this chat beneficial

Ask your advisor to learn more.