Why you should own your company's facilities personally

Article Abstract:

A business owner can opt to buy his company's facility personally via a partnership or proprietorship, rather than via his company, to boost equity outside the business with property the owner can divest separately. The owner will also have the option to continue to own the property even after the company is sold. Personal ownership enables owners to evade double taxation and allows the proceeds from ensuing refinancings of the property to be obtained on a tax-free basis.

Personal Investing, Personal Financial Planning NEC, Personal finance, Capital investments, Property

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Your children, spouse, and grandchildren

Article Abstract:

Business owners should study the various tax-saving and money-making concepts before entering into financial transactions with family members to maximize taxes and protect assets. Owners can hire their children to work for the company as this would enable income and estate tax savings. Business owners can also buy an off-campus home or apartment as a second home or as a straight real estate investment.

Financial Planning, Family-owned business enterprises, Family-owned businesses

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How to use trusts in your financial planning

Article Abstract:

Trust can be useful as a financial planning instrument, but caution must be taken to avoid emcumbering too many assets, lest financial hardship occur during life. To be carefully considered are the tax consequences of a trust, how much control is desireable, and the coordination of a trust with other estate planning tools and documents.

Planning, Trusts and trustees, Trustees, Trusts (Law)

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