IM Business - Structure and Insurance?
Hi,
I'm interested in knowing how many experienced IM gurus our there have businesses as an actual registered business entity, and how many are registered as an individual entity.
The differences as I see them is partly in the level of protection of any assets you might have, and may also help with tax efficiencies.
I am also interested in the sorts of entity structures you have - and why.
Do you have insurance, and if so, and what does it cover you for?
It seems to me that even though everyone talks about having a business, nobody seems to mention the nuts and bolts of what you need to set up.
I am director of a 'Corporate Trustee' entity, which is a proprietary limited company that acts as the corporate trustee for a trust.
I do have PI/PL insurance but need to check that is will sufficiently cover me for any new endeavours.
Does anyone else bother with ompany structures or insurances?
Cheers,
Martin.
I'm interested in knowing how many experienced IM gurus our there have businesses as an actual registered business entity, and how many are registered as an individual entity.
The differences as I see them is partly in the level of protection of any assets you might have, and may also help with tax efficiencies.
I am also interested in the sorts of entity structures you have - and why.
Do you have insurance, and if so, and what does it cover you for?
It seems to me that even though everyone talks about having a business, nobody seems to mention the nuts and bolts of what you need to set up.
I am director of a 'Corporate Trustee' entity, which is a proprietary limited company that acts as the corporate trustee for a trust.
I do have PI/PL insurance but need to check that is will sufficiently cover me for any new endeavours.
Does anyone else bother with ompany structures or insurances?
Cheers,
Martin.