Risk Mitigation and Asset Protection
Posted 8 Oct '20
Posted 8 Oct '20
The blame game! We all play it, even if we are not the instigator. Fun if you win, but not if you roll the dice and lose. And this is why statistically, Australia is one of the most litigious environments in the world. When you open your mailbox and you find that lovely statement of claims (SOC) stating that they will see you in court, you know someone else wants your hard-earned money!
So, whilst you can spend an eternity building your wealth, brick by brick and piece by piece, no doubt it can all be taken away in an instant. It just takes someone, or something unpredictable to wipe the slate clean – case in point, the coronavirus pandemic and economic crisis.
So now, more than ever, we need to consider the protection of your wealth and assets. To mitigate the event that you ‘lose it all’, we need to consider suitable asset protection strategies so you can continue to reap the benefits of business and leave a legacy like no other.
For Queensland builders, tradies and construction businesses, QBCC financial compliance is about more than completing another annual form. The financial position of a licensed business can affect its ability to continue operating under its contractor licence and take on work.
We’re excited to introduce our latest Partner in Business, Simon Clarke, Director of Setlr Buyers Agents. Simon and his team understand that buying property isn’t just about finding the right home or investment. It’s about having the right advice, local knowledge and support to make a confident, well-informed decision.
We’re excited to introduce our latest Partner in Business, Davy Partners, led by Kateena Mills and Aaron Wells. With expertise spanning HR, digital strategy and marketing, their team helps growing businesses put the right people, processes and systems in place to move forward with confidence.