Are you putting your personal assets at risk?
When going into business with individuals for which you share assets with (e.g spouse) it is important that your shared assets (e.g the family home) are protected should anything go wrong. Protecting your assets begins with a business structure that prevents them from ever being at risk in the first place.
When starting a business with a family member it may seem like a good idea to appoint multiple parties as directors to keep it in the family.
However, this is not the case. [Read more…]