A plan should be developed from the beginning of a business to own assets in separate entities so as to assist in long term estate planning and act as a defense in the unfortunate event that insolvency proceedings occur at some time in the future.
This paper - "Business Structures For Family Businesses" - analyses, in four pages, some proposals for structuring family businesses so as to assist in the survival of the business family unit. Comments are made under the following headings:
- Structures For Family Survival
- Trusts Are A Defense
