Company Flexiblity
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How should you structure your business for flexibility?
\\nShaz looks at a commercial conversion case study and explains the different company structures and the tax implications
\\nHe also shares great advice on having a holding company and why this is the key to flexibility
\\nKEY TAKEAWAYS
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- Keeping the commercial conversion projects in different companies means they don\\u2019t affect each other \\n
- Once you have done a transaction close the company down and move the money to the next one \\n
- When you close a company after completing a commercial conversion and take the money out you will pay personal tax \\n
- If individuals have their own holding company they have the flexibility to do what they want with the cash\\xa0\\xa0 \\n
BEST MOMENTS\\xa0
\\n\\u2018With a LLP tax is payable whether the money is taken out or not\\u2019\\xa0
\\n\\u2018There is no personal consequence from loaning between companies\\u2019
\\n\\u2018A holding company gives flexibility\\u2019
\\nVALUABLE RESOURCES
\\n\\nABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
\\nThis show was brought to you by Progressive Media
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