We at Delphi Accounting have considerable experience in establishing structures that are not only flexible but provide you with maximum asset protection.

Businesses, even those that trade through companies require their assets protected against claims that maybe made against them, also protection of your personal assets is of the greatest importance.

What if you operate a small business in your own name?

If you are in a business as a sole trader then not only are the assets of your business at risk by claims made by a creditor or by someone who is making a claim against you as a result of defective products which may have caused them injury, then all of your personal assets plus the assets of your business are at risk.

We can protect your assets from such claims without incurring capital gains tax or stamp duty.

Even if your business is operating through a company, a trust or partnership we can protect the assets of the business.

It is possible for us to protect any assets that are held in a company and keep them safe and secure for you.

The same applies to assets held in a trust.

A discretionary trust protects your personal assets against any claims which may be made against the trust, but the assets of the trust are at risk.

Personal asset protection is not necessarily connected with the business. You can protect your personal assets separately from any business assets and we have a number of strategies that will protect your assets against any future claims against your business assets and personal assets.

Read the following real cases.

A man was invited to play in a charity golf game, as he was teeing off on the fourth hole he failed to see the players before him standing in the shade of some trees. He hit the ball and it hooked and hit one of the other players in the head causing severe brain damage. The player was sued for 5 million dollars and the courts upheld the claim.

A party was held at a house that backed onto a canal. The canal was fenced off from the house, however as the party progressed and some people became inebriated one of the guests climbed up on the fence and dived into the canal, unfortunately the tide was out and he broke his neck and became a quadriplegic. He sued the owner of the house for $15 million dollars and the court upheld the claim on the basis of, that the owners did not have a sign on the fence advising people of shallow water on the other side.

A man was driving his car down a busy highway and he turned his head to look at an accident that had occurred his car then ran into the car in front causing severe whiplash and spinal injury to the passenger in the car in front. Whilst he was covered by his insurance, the insurance company then sued him on the basis of he was negligent and was not watching where he was going. The court upheld the claim

Please contact us for a free consultation concerning your asset protection by calling us on 07 5559 2830.