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.
Boost IT works with small businesses as an extension of their own team delivering an IT department on demand. Client’s use our IT solutions and expertise to enhance capability and cyber security, as well as drive innovation and efficiency.
Running a small business and motherhood may seem worlds apart but as I’ve spent the last 18 months adapting to the role of mum and I've realised the surprising similarities between these two roles. Both require unwavering dedication, resilience, and the ability to juggle multiple responsibilities. In this blog, I'll share the invaluable lessons I've learned from running a small business that has uniquely prepared me for the journey of motherhood.
Cornerstone Advice provides financial planning and mortgage broking services. They specialise in working with busy families and professionals to establish a financial roadmap that maximises their financial opportunities alongside establishing a backup plan to protect against the unexpected.