Asset Protection Advice

How to protect assets from bankruptcy

Photo of a steel vault

Asset Protection Advice

How to protect assets
from bankruptcy

Photo of a steel vault

Protecting assets is an essential feature of sound business planning. Our approach is different because:


If you’re worried and want fast action you can contact Cheryl now. Your initial consultation is free and without obligation.

Portrait photo of Cheryl Stainsby

‘Your business assets allow you to run a successful business. Your personal assets are the rewards of the hard work you put into your business. Asset protection can often be quite simple. Don’t risk the fruits of your hard labour for the sake of a simple inquiry.’
Cheryl

Company Asset Protection

Having the correct business structure is crucial. Understanding that business structure is critical. The best structure in the world will not survive an insolvency event if it is not managed properly.

We see first hand the results of businesses going through insolvency, so we understand the risks associated with business structures, and we know how to minimize those risks.

Personal Asset Protection

Personal Asset protection can be complex but it can also be simple. As with Company Asset Protection the management of Personal Asset Protection can be even more critical than the actual protection itself.

You don’t know what you don’t know and it is often too late to do anything if trouble is brewing. Seek advice early and sleep soundly at night in the home you’ve worked hard for.

Your Questions Answered

Good Business Structures will always protect the asset of Sole Traders. However, business owners should seek the advice of Professionals before setting them up. Why? Because there are always associated tax implications. There are also agreements that need to be drawn up in conjunction with these structures to ensure that they adequately protect you.

The advantage of speaking to a consulting firm such as ours is that we see firsthand the structures that work and the ones that don’t. And we will ensure that any work is done in conjunction with legal and accounting advice.

A business asset is anything of value used in your business to assist you to earn income.

This can range from tangible assets such as:

  • business contracts
  • computers, furniture, machinery, vehicles
  • intellectual assets such as websites, trade marks, social media sites

to intangible assets such as goodwill.

Asset protection works by ensuring that the owner of the asset is not at risk of insolvency if business fails.

Many business owners think they have asset protection in place, but a review of their structures often proves this is not the case.

Your Directors Advocate specialises in reviewing business structures to identify any areas of risk and suggest changes.

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1300 851 775