Strategies & Asset Protection

Tax structuring is not about the evading or the avoidance of taxation. In fact we would strongly suggest that a structure should not be established solely for tax purposes but rather be a focus on asset protection.
Whilst structuring ensures that a taxpayer does not unwittingly pay more tax than their fair share, there is no point having an elaborate tax structure that saves the taxpayer from paying excess tax if those savings must then be used to pay creditors who have sued the taxpayer.
Remember, saving tax is well and good but only if you can get to keep those savings.
There are many high profile corporate collapse and bankruptcies that have highlighted the taxpayers, particularly those in business, implementing asset protection strategies.
When establishing a business structure, the main focus should be on weather it satisfies a taxpayer's needs from a commercial point of view and whether it offers sufficient asset protection. It is only after these matters have been dealt with, should taxation benefits be even considered.