Seeking advice on incorporation and possible holding company
I'm thinking about incorporating a company for my business and personal assets. Does anyone have any thoughts on the pros/cons, suggested alternatives, and/or next steps?
As a quick background: i) I'm a general partner in a consulting company; ii) I'm looking to start another business (likely to be incorporated) with two others; and iii) I'm going to start holding some financial assets for my parents' retirement.
I was thinking of incorporating another entity that would own my equity stake in i) and ii) so as to minimise personal liability. As for iii), I'm not sure what (if any) vehicle would best protect those assets and minimise any taxes.
Does anyone have any suggestions? Thanks in advance
As a quick background: i) I'm a general partner in a consulting company; ii) I'm looking to start another business (likely to be incorporated) with two others; and iii) I'm going to start holding some financial assets for my parents' retirement.
I was thinking of incorporating another entity that would own my equity stake in i) and ii) so as to minimise personal liability. As for iii), I'm not sure what (if any) vehicle would best protect those assets and minimise any taxes.
Does anyone have any suggestions? Thanks in advance