Shaz goes through the questions anyone should be asking when they are considering incorporation.

It can be the right thing but you must go through all the steps to make sure it’s the right thing and the right time for you.

There are several aspects to consider including whether you have fixed rates, appreciation in value and equity along with whether setting up a trust is the right way forward in this informative episode.

 

KEY TAKEAWAYS

• Go through all the steps to make sure it’s the right thing for you to do.
• If you have fixed rates that are due to finish in the near future then penalties may make it not the right thing to incorporate.
• When you move properties into a limited company you get an uplift in the base cost of those properties.
• If you have owned properties over a long period of time, they have appreciated in value and the equity is more than the debt then you have good reason to incorporate.
• You can incorporate the property portfolio and use a trust to pass the assets onto family and children.
• Tread carefully when you are thinking about incorporation.
• Ask is it right for you and your circumstances?

 

BEST MOMENTS

‘Some people use incorporation really well’

‘Legally you can have a deed of trust and remain as the owner’

‘Consider setting up a trust’

 

VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

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