Business ServicesAsset
Protection
We all work very hard to acquire assets such as property, shares or Goodwill. As accountants, our mission is to help you achieve that goal. But that is only the beginning of the process. We also need to focus on protecting those assets from creditors/family breakdown.
What is Asset Protection?
Well, it is a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from those that want to take it from you (Creditors.)
There’s an old saying at the casinos that If you want to be a winner, you have to walk away from the table a winner. The method of reaching this goal is to systematically take your winnings as you win them, so that your potential for losses stays small.
Asset protection planning is all about taking your winnings so that no matter what happens you are ahead in the end.
If you have something to protect then the topic of asset protection should be discussed. The key is not just about protecting assets but also about making sure that one does not end up engaging in transactions that are fraudulent in nature. This unfortunately can become a reality when it is already too late. By this stage you can become desperate and believe anything that is told to you that resinates with what you want to hear, from those who are only looking to potentially take advantage of you.
As a society, we have grown very litigious and so, protecting your assets is paramount. We can review your corporate structure and assets and advise of any potential shortcomings in the structure. This process, if too late could become a costly exercise to unravel if your structure was incorrect to begin with, but the end result is that your assets are safe and this is the ultimate goal. Sound structuring for asset protection is also crucial for those who may venture into business for the first time as late planning is one of the pitfalls, so getting it right at the start saves time and money. There is another old saying that states the best form of asset protection is to have no assets in your own name. At Vantage, we seek to not only help you acquire the assets, but also do what ever is possible to ensure you keep them.
You don’t want to build a base only to have it ripped from underneath you.
With our extensive knowledge and expertise, we can help you with asset protection in Melbourne. Arrange your free no obligation meeting.
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Contact us now for your latest tax reduction and savings!
Call (03) 9859 8555
Call (03) 9859 8555
Great Review by our Clients
Trusted by many people
Our clients have always trusted our expertise and advices. Here’s what they have to say about us.
The client service from everyone involved is exceptional and we could not be happier with how our business has been looked after over the years with the guidance from Nick and his team, especially in these ever changing times and competitive environments.
Rick Allen
Director of Nellakir (Aust) Pty Ltd
They have always been available to discuss my needs in simple English terms to understand, from extensive company and trust structures to when I first started out as a sole proprietor in the hospitality industry many years ago.
I look forward to the next 20 years with Vantage TBS. Thanks Guys.
Paul Stann
Director of Crème Café
I’ve been with Vantage Tax and Business Services (formerly Bonadio Partners) for 20 plus years and they have always been a great business partner throughout this time.
I would highly recommend Vantage.
Michael Chiodo
Director of Pasta Al Dente Pty Ltd
I’ve been a client of Vantage – Tax and Business Services for the last 5 years. In this time, the team have provided the utmost level of accounting advice, attention to detail and smooth transition of a number of my companies from our previous accounting relationship.
Anthony D’Alessandro
Director of Required Financial Services Pty Ltd
Vantage Tax &
Business Services
Mon - Fri 9am – 1pm and 2pm – 5pm
83A Warrigal Road Mentone Vic 3194