Business Structuring, asset protection, estate planning

Pigot Miller Wilson have extensive industry resources that enable us to provide expert advice regarding the protection of your wealth.

In order to provide business structuring advice, our partners invite you to an interview, where all of your personal and business concerns are considered.  This facilitates the provision of easy to understand services that ensure:

• Your hard earned assets are protected from those unexpected events in life
• That you receive the best possible taxation result
• Enable an easy exit or succession to your business

This process will often involve:

• Establishing/reviewing structures such as companies and trusts
• Considering risk protection requirements
• Establishing business exit strategies

Frequently asked questions

• What is business structuring?

Your business can be identified as one or a combination of the following:  Sole trader, Partnership, Company or Trust.   Each of these types of entities offer a variety of asset protection advantages and important taxation considerations.  Determining what type of entity or entities you chose to trade through is as important and essential as having an ABN.   Making this decisions should be made in consultation with an experienced Chartered Accountant.

• What is asset protection?

Simply, it is keeping your business risk separate from your hard-earned personal assets.

• What are my risks?

In our highly litigious culture you face the risk of having legal action taken against you or your business by any of the following: customers, suppliers, employees and the general public.

• How do I mitigate risk?

The first line of defence is insurance, such as Public Liability and Professional Indemnity.  The second line of defence is to have appropriate structures and strategies for asset protection in place, which is done with advice from an experienced Chartered Accountant.

• What is estate planning?

This is an area where your accountant and designated legal representation work together to ensure your personal wealth is distributed as per your wishes on your death.