Business & Asset Protection

What would you do if you were forced to turn over most of your personal assets as part of a settlement scheme? This is exactly what can and does happen when you don’t have the right business structures in place to protect your assets. Our business asset and wealth protection services will help safeguard your income and assets whilst providing professional financial advice on the best ways to create additional wealth.

Contact our team on 9929 0822 or email info@archwealth.com.au

Our Wealth Advisory Services

Wealth protection is not just for the rich and famous. It is really an umbrella term for all of the income and assets (wealth) that you will accumulate throughout your entire life. Our wealth advisory services will guide you in taking the right steps to protect your wealth, minimise your tax liability, create additional wealth faster and have the ability to retire with the income and lifestyle you desire.

• Business growth and wealth creation
• Financial planning and accounting
• Asset protection trusts
• Retirement and succession planning

We Protect Your Assets, Profits and Future Earnings from Risks and Liabilities

As mentioned earlier, establishing the wrong business structure can have catastrophic consequences.  In their haste to set up shop, many first-time business owners form as a sole trader or partnership.  It’s a fast, easy and cheap process.  However, what they do not realise is that their personal funds and assets, such as their bank accounts, homes and motor vehicles, are now in jeopardy placing them one lawsuit away from being completely wiped out.

Whilst establishing a Company business entity is more costly and requires the maintenance of proper accounting principles, the liability protection from this type of business structure more than outweighs the costs.  When trading as a Company, liability is limited solely to the funds and assets that are owned by the Company.  This means that in most cases, the personal assets of company officers and employees are completely shielded.

Asset and Wealth Protection Trust

Since a Company business entity is considered a legal entity, it is required to pay taxes on its income. In addition, any assets owned by the Company, or any trading entity for that matter, are at risk in the event of a lawsuit. However, there is a legal way to reduce these business liabilities and risks with Discretionary Family Trusts (DFTs).  The purpose of a DFT is to hold the profits and assets of a business that will later be distributed by the trustee to the beneficiaries named in the trust. Since trusts are not considered legal entities, they are not taxed and cannot be sued. Thus, they provide the ultimate protection of shielding income and assets with the added benefit of reducing tax liabilities.

Establishing and properly maintaining DFTs can be a complicated process and there are stiff penalties for improperly using it.  Therefore, we strongly recommend only employing the services of qualified organisations, like our team here at Archangel Wealth, that has years of experience with establishing and maintaining family trusts for its clients.

Creating Wealth for Retirement With Self Managed Superannuation Funds

Self managed super funds (SMSFs) are one of the best ways to create wealth for retirement. They can significantly reduce your tax liabilities and allow for the investment in selected high growth funds with minimal risk for your age group. In addition, all assets held in the super fund are fully protected. However, in order for your SMSF to benefit from the lower 15% tax rate, it must be compliant. To qualify, the fund must be managed in the best interest of the fund members according to law and must meet administrative requirements set by the Australian Taxation Office (ATO).

There is always an element of risk, regardless of the type of business that you are in. Seeking professional advice about how to limit those risks, shielding your assets and reducing your tax liabilities in a safe, legal and ethical manner, will allow you to create and protect your wealth for life.

Contact our team on 9929 0822 or email info@archwealth.com.au.

“When everything is precisely structured and well managed, a number of uncertainties reduce. We keep you on the safe side, giving you both the level of protection you need and peace of mind.”