Whilst it may not be possible in some cases to completely eliminate risk, the key objective in structuring, when considering the asset protection aspects, is to seek to segregate the high risk business assets from the more low risk investment and passive assets

Consideration needs to be given to the following:

  • Identification of the assets that require protecting, their legal owner and future needs.
  • Understanding the degrees of risk and who in the group holds that risk.
  • The short term and long term objective of the assets and for how long they are expected to be held
  • The current and estimated future value of the assets.
  • The income earning capacity of the assets.
  • The useful life of the assets and the ability to readily convert the non liquid assets to cash.
  • The cost base of the asset.
  • The  potential claims of either the unsecured or secured creditors of the business.
  • The insolvent trading risk and the general liabilities of the directors and the group of  companies for which they act .
  • Exposure to claims in relation to environmental issues, industrial matters, product liability or negligence.
  • Claims that may not be sufficiently covered by insurance.
  • Directors’ liabilities through the provision of loans and guarantees.

We specialise in providing tax, accounting, and strategic advice to business owners, high net worth individuals and their families.

Learn about BPC Accounting Services
Contact Us

Phone us on (03) 8602 6100 or contact us via our online enquiry forms.

Send an email enquiry