BUSINESS: OWNERSHIP STRUCTURES

INTRODUCTION

The information contained in this summary is intended to outline in general terms business ownership structures.  Related to our article on Asset/Succession Planning, there are a number of tools available to hold your various assets and operating structures.  These include holding assets in partnerships, companies, trusts (or a combination of them), leases, and dealing with those assets through wills, powers of attorney, and various forms of insurance.  Each has its own unique characteristics and we comment on the advantages and disadvantages of each.

Please note that your own circumstances may involve aspects which are not expressly mentioned in this guide.  Similarly, there may be information contained in the guide, which is not relevant to your own situation.  This is a general guide only.