Startup Funding Espresso Goals of a Family Office
Goals of a Family Office Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Family offices can pursue several goals. Here\u2019s a list of key goals to consider for your family office and their implications in setting up the business. Investments -- the complexity of the investments determines the number and type of advisors to engage. The simpler the investments the less support required. Financial goals -- these include not only individual goals but also goals for the family office. Pursuing ESG investments brings an additional layer of complexity to the process. Households -- The family office also includes the houses and other personal property. The number and geographic dispersion of the houses determines the complexity of managing the properties. Legal entities -- The more legal entities the family has, the more work to be done in managing them. This includes managing the entity, tax filings, and ongoing support. Advisors -- This includes accounting, financial, legal, and other professionals who provide services to support the family office. The greater the number of advisors, the greater the cost to the business. The goals of the business determine the complexity of the family office structure. In setting up a family office, consider these goals for your business. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding. Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .