While borrowing to buy property in an SMSF can make complete sense, there are mistakes trustees often make that are important to be aware of. This article explains several of those common mistakes.
You may find it interesting that around two-thirds of business owners do not know the value of their business. It’s fascinating that many business owners will know the value of their home, but not the value of their business, which may well be their most valuable asset. And then if you don’t know what your business is worth its going to be hard to know how to increase its value!
Have you started to ponder your retirement, picturing what life may look like after running a business? With a huge number of baby boomers reaching retirement age there is an increasing number of small to medium-sized enterprises considering future sale. It is more important than ever to start thinking about exit planning. But what does exit planning really mean — and where can you begin?
The following case study is a look at how we helped clients of ours that had not reviewed how their business had changed since last they addressed their business partnership insurance needs. It demonstrates the process we took to determining appropriate changes to their insurance setup and the outcomes of that process.